THE IMPORTANCE OF THE CHOICE OF TEST FOR FINDING EVIDENCE OF ASYMMETRIC INFORMATION

被引：5

作者：

Donnelly, Catherine ^{[1
,2
]}

Englund, Martin ^{[3
,4
]}

Nielsen, Jens Perch ^{[5
]}

机构：

[1] Heriot Watt Univ, Dept Actuarial Math & Stat, Edinburgh EH14 4AS, Midlothian, Scotland

[2] Heriot Watt Univ, Maxwell Inst Math Sci, Edinburgh EH14 4AS, Midlothian, Scotland

[3] Aarhus Univ, Dept Econ & Business, DK-8000 Aarhus C, Denmark

[4] Codan Insurance, Copenhagen, Denmark

[5] City Univ London, Cass Business Sch, London EC1Y 8TZ, England

来源：

ASTIN BULLETIN | 2014年 / 44卷 / 02期

关键词：

Adverse selection; moral hazard; automobile insurance; learning; bivariate probit; AUTOMOBILE INSURANCE MARKET; ADVERSE SELECTION; MORAL HAZARD; EQUILIBRIUM; CREDIBILITY; MODEL; RISK;

D O I：

10.1017/asb.2013.33

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We put one of the predictions of adverse-selection models to the test, using data from the Danish automobile insurance market: that there is a positive correlation between claims risk and insurance coverage. We can find a statistically significant insurance coverage-risk correlation when coverage is expressed relative to the insurance premium, but not when it is expressed in monetary terms.

引用

页码：173 / 195

页数：23

共 39 条

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