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Beyond testing : empirical models of insurance markets / Liran Einav, Amy Finkelstein, Jonathan Levin.
- Format:
- Book
- Author/Creator:
- Einav, Liran, author.
- Finkelstein, Amy, author.
- Levin, Jonathan D., 1972- author.
- Series:
- Working paper series (National Bureau of Economic Research) ; 15241.
- NBER working paper series ; 15241
- Language:
- English
- Subjects (All):
- Insurance.
- Physical Description:
- 1 online resource (37 pages).
- Place of Publication:
- Cambridge, Massachusetts : National Bureau of Economic Research, 2009.
- Summary:
- We describe recent advances in the empirical analysis of insurance markets. This new research proposes ways to estimate individual demand for insurance and the relationship between prices and insurer costs in the presence of adverse and advantageous selection. We discuss how these models permit the measurement of welfare distortions arising from asymmetric information and the welfare consequences of potential government policy responses. We also discuss some challenges in modeling imperfect competition between insurers, and outline a series of open research questions.
- Notes:
- Description based on publisher supplied metadata and other sources.
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