Prevention in insurance markets

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Marie-Cécile FAGART; Bidénam KAMBIA-CHOPIN;
  • Journal: Annals of Economics and Statistics,issue 82,pages55-70
  • Subject:
    mesheuropmc: humanities | health care economics and organizations

This paper considers a competitive insurance market under moral hazard and adverse selection, in which preventive efforts and self-protection costs are unobservable by insurance companies. Under reasonable assumptions, the conclusions of Rothschild and Stiglitz (1976) a... View more
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