An empirical examination of information barriers to trade in insurance

American Economic Review

Volumn 89, Issue 4, 1999, Pages 827-846

  Cawley, John ^a   Philipson, Tomas ^a  

^a UNIVERSITY OF CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001237115     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.89.4.827     Document Type: Article

References (28)

1. Akerlof, George A. "The Market for Lemons: Quality Uncertainty and the Market Mechanism." Quarterly Journal of Economics, August 1970, 84(3), pp. 488-500.
2. American Council of Life Insurance. 1994 life insurance fact book. Washington, DC: American Council of Life Insurance, 1994.
3. Barney, R. "To Split or Not to Split, That Is the Question." Canadian Money Saver, February 1995, pp. 69-72.
4. Bond, Eric W. "A Direct Test of the Lemons Model: The Market for Used Pickup Trucks." American Economic Review, September 1982, 72(4), pp. 836-40.
5. Cawley, John and Philipson, Tomas. "An Empirical Examination of Information Barriers to Trade in Insurance." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 5669, 1996.
6. Clifford, K. and Iucolano, R. "AIDS and Insurance: The Rationale for AIDS-Related Testing." Harvard Law Review, May 1987, 100(7), pp. 1806-25.
7. Cooper, Russell. "On Allocative Distortions in Problems of Self-Selection." Rand Journal of Economics, Winter 1984, 15(4), pp. 568-77.
8. Foster, Andrew D. and Rosenzweig, Mark R. "A Test for Moral Hazard in the Labor Market: Contractual Arrangements, Effort, and Health." Review of Economics and Statistics, May 1994, 76(2), pp. 213-27.
9. Friedman, Benjamin M. and Warshawsky, Mark J. "The Cost of Annuities: Implications for Saving Behavior and Bequests." Quarterly Journal of Economics, February 1990, 105(1), pp. 135-54.
10. Genesove, David. "Adverse Selection in the Wholesale Used Car Market." Journal of Political Economy, August 1993, 101(4), pp. 644-65.
11. Hamermesh, Daniel S. "Expectations, Life Expectancy, and Economic Behavior." Quarterly Journal of Economics, May 1985, 10(2), pp. 389-408.
12. Hamermesh, Daniel S. and Hamermesh, F. W. "Does Perception of Life-Expectancy Reflect Health Knowledge?" American Journal of Public Health, August 1983, 73(8), pp. 911-14.
13. Hurd, Michael and McGarry, Kathleen. "Evaluation of the Subjective Probabilities of Survival in the Health and Retirement Study." Journal of Human Resources, 1995, Supp., 30, pp. S268-92.
14. Kreps, David M. A course in microeconomic theory. Princeton, NJ: Princeton University Press, 1990.
15. LIMRA International. The 1994 buyer's study: A market study of new insureds and the ordinary life insurance purchased. Windsor, CT: LIMRA International, 1994.
16. Mailath, George. "Incentive Compatibility in Signaling Games with a Continuum of Types." Econometrica, November 1987, 55(6), pp. 1349-65.
17. Philipson, Tomas J. and Becker, Gary S. "Old-Age Longevity and Mortality-Contingent Claims." Journal of Political Economy, June 1998, 106(3), pp. 551-73.
18. Philipson, Tomas and Zanjani, George. "A Theory of the Production and Regulation of Insurance." Working paper, University of Chicago, 1998.
19. Riley, John G. "Informational Equilibrium." Econometrica, March 1979, 47(2), pp. 331-59.
20. Rothschild, Michael and Stiglitz, Joseph E. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information." Quarterly Journal of Economics, November 1976, 90(4), pp. 630-49.
21. Shepherd, P. and Webster, A. Selection of risks. Chicago, IL: Society of Actuaries, 1957.
22. Society of Actuaries. "New Mortality Tables for Valuation." Transactions of the Society of Actuaries, 1980, 33, pp. 617-74.
23. Stiglitz, Joseph E. Economics of the public sector. New York: Norton, 1988.
24. Swiss Reinsurance Corporation. "World Insurance in 1995: Premium Volume Exceeds USD 2000 Billion for the First Time." Sigma Report, 1997, (4).
25. Teachers Insurance and Annuity Association (TIAA), Life Insurance Planning Center. Official life insurance handbook. New York: TIAA, 1997.
26. U.S. Department of Health, Education, and Welfare. Vital statistics of the United States, Vol. 2, Pt. A. Washington, DC: U.S. Government Printing Office, various years.
27. Viscusi, W. Kip. "Do Smokers Underestimate Risks?" Journal of Political Economy, December 1990, 98(6), pp. 1253-69.
28. _. Smoking: Making the risky decision. New York: Oxford University Press, 1992.