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
收藏
页码：173 / 195
页数：23
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