The welfare cost of asymmetric information evidence from the UK 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 importance. We start by showing theoretically that the efficiency cost of adverse selection cannot be inferr...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Einav, Liran 1970- (VerfasserIn), Finkelstein, Amy 1973- (VerfasserIn), Schrimpf, Paul (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge, Mass. National Bureau of Economic Research 2007
Schriftenreihe:	Working paper series / National Bureau of Economic Research 13228
Online-Zugang:	kostenfrei
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