Adverse selection, repeated insurance contracts and announcement strategy
In this note, we present a strategy which relies on multi-period contracts and on a self-selection mechanism which induces the insured to announce his true risk in the first period, thus eliminating inefficiency due to adverse selection.
(This abstract was borrowed from another version of this item.)
|Date of creation:|
|Note:||In : Review of Economic Studies, 52, 719-723, 1985|
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