Monopolistic Insurance and the Value of Information
The value of information regarding risk class for a monopoly insurer and its customers is examined in both symmetric and asymmetric information environments. A monopolist always prefers contracting with uninformed customers as this maximizes the rent extracted under symmetric information while also...
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| Format: | Article |
| Language: | English |
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MDPI AG
2015-07-01
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| Series: | Risks |
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| Online Access: | http://www.mdpi.com/2227-9091/3/3/277 |