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Information and Dynamic Adjustment in Life Insurance

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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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  • Mattias K. Polborn & Mike Hoy & Asha Sadanand, 1999. "Information and Dynamic Adjustment in Life Insurance," UWO Department of Economics Working Papers 9906, University of Western Ontario, Department of Economics.
  • Handle: RePEc:uwo:uwowop:9906
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1371&context=economicsresrpt
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    4. Nielsen, Chantal Pohl, 2002. "Social accounting matrices for Vietnam 1996 and 1997," TMD discussion papers 86, International Food Policy Research Institute (IFPRI).

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