Adverse Selection in Insurance Markets
In this survey we present some of the more significant results in the literature on adverse selection in insurance markets. Sections 1 and 2 introduce the subject and section 3 discusses the monopoly model developed by Stiglitz (1977) for the case of single-period contracts and extended by many authors to the multi-period case.
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|Date of creation:||2000|
|Date of revision:|
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