Pooling and separating equilibria in insurance markets with adverse selection and distribution costs

GENEVA Papers on Risk and Insurance Theory

Volumn 22, Issue 2, 1997, Pages 103-120

  Allard, Marie ^a   Cresta, Jean Paul ^b   Rochet, Jean Charles ^c  

^a HEC MONTRÉAL   (Canada)

^b TOULOUSE SCHOOL OF ECONOMICS   (France)

^c Toulouse School of Economics   (France)

Author keywords

Adverse selection; Insurance markets; Marketing costs; Pooling equilibria; Separating equilibria

Indexed keywords

EID: 1942447028     PISSN: 09264957     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1008664000457     Document Type: Article

References (6)

1. ALLARD, M., CRESTA, J.P., and ROCHET, J.C. [1997a]: "Interaction Between Adverse Selection and Increasing Returns in an Insurance Market," (in preparation).
2. ALLARD, M., CRESTA, J.P., and ROCHET, J.C. [1997b]: "Product Proliferation in a Differentiated Industry: A Reconsideration," (in preparation).
3. DIAMOND, P. [1992]: "Organizing the Health Insurance Market," Econometrica, 60(6), 1233-1254.
4. NEIPP, J., and ZECKHAUSER, R.J. [1985]: "Persistence in the Choice of Health Plans." In R.M. Scheffler and L.F. Rossiter (Eds.), Advances in Health Economics and Health Services Research, volume 6, JAI Press, 47-72.
5. NEWHOUSE, J.P. [1996]: "Reimbursing Health Plans and Health Providers: Efficiency in Production Versus Selection," Journal of Economic Literature, 34 (Sept.), 1236-1263.
6. ROTHSCHILD, M., and STIGLITZ, J.E. [1976]: "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," Quarterly Journal of Economics, 629-649.