REPAIRS, REFUSALS AND REJECTIONS

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چکیده

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Private Information and Insurance Rejections.

Across a wide set of non-group insurance markets, applicants are rejected based on observable, often high-risk, characteristics. This paper argues that private information, held by the potential applicant pool, explains rejections. I formulate this argument by developing and testing a model in which agents may have private information about their risk. I first derive a new no-trade result that ...

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To “ Private Information and Insurance Rejections ” (

THIS SUPPLEMENTAL MATERIAL CONTAINS FIVE APPENDIXES. Appendix A contains the proof of Theorem 1 and discusses Remark 1. Appendix B provides proofs for the lower bound approach discussed in Section 4.1. Appendix C discusses the data, including details for the covariate specifications and the sample selection. Appendix D discusses the empirical specification for the lower bound estimator, present...

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ژورنال

عنوان ژورنال: The Cambridge Law Journal

سال: 2007

ISSN: 0008-1973,1469-2139

DOI: 10.1017/s0008197307000827