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Information and Dynamic Adjustment in Life Insurance Markets

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Author Info
Mattias K. Polborn (University of Munich and the University of Western Ontario Department of Economics)
Mike Hoy (University of Guelph)
Asha Sadanand (University of Guelph)

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Abstract

Genetic tests can be expected to produce a large amount of economically important information in the future. What are the effects on a life insurance market if more information becomes available over time, for individuals and possibly also for insurers? Should people buy insurance before or after becoming informed? How do earlier trades influence the market equilibrium in later periods? We also analyze the scope for a Pareto improving regulation of the insurance market.

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File URL: http://economics.uwo.ca/econref/WorkingPapers/researchreports/wp1999/wp9911.pdf
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Publisher Info
Paper provided by University of Western Ontario, Department of Economics in its series UWO Department of Economics Working Papers with number 9911.

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Date of creation: Oct 1999
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Handle: RePEc:uwo:uwowop:9911

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Postal: Department of Economics, Reference Centre, Social Science Centre, University of Western Ontario, London, Ontario, Canada N6A 5C2
Phone: 519-661-2111 Ext.85228
Web page: http://economics.uwo.ca/econref/WorkingPapers/

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Related research
Keywords: insurance; information; adverse selection;

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Find related papers by JEL classification:
D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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References listed on IDEAS
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