Explaining Preference Heterogeneity with Mixed Membership Modeling
نویسندگان
چکیده
منابع مشابه
Preference Heterogeneity and Insurance Markets: Explaining a Puzzle of Insurance.
The textbook approach to insurance markets emphasizes the role of private information about risk in determining who purchases insurance. In the classic adverse selection model of Michael Rothschild and Joseph Stiglitz (1976), individuals with higher expected claims buy more insurance than those with lower expected claims, who may be out of the market entirely. This basic prediction of asymmetri...
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ژورنال
عنوان ژورنال: Marketing Science
سال: 2020
ISSN: 0732-2399,1526-548X
DOI: 10.1287/mksc.2019.1185