Optimal Mandates and The Welfare Cost of Asymmetric Information: Evidence from the U.K. Annuity Market
Much of the extensive empirical literature on insurance markets has focused on whether adverse selection can be detected. Once detected, however, there has been little attempt to quantify its welfare cost, or to assess whether and what potential government interventions may reduce these costs. To do...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Econometric Society,
2010-04-02T18:29:20Z.
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| Subjects: | |
| Online Access: | Get fulltext |