Pubblicazioni

Autori:

Cannon, Edmund; Cipriani, Giam Pietro; Bazar Rosen, Katia

Titolo:

More for less? Puzzling selection effects in the insurance market

Anno:

2016

Tipologia prodotto:

Articolo in Rivista

Tipologia ANVUR:

Articolo su rivista

Lingua:

Inglese

Formato:

A Stampa

Referee:

Sì

Nome rivista:

Oxford Economic Papers

ISSN Rivista:

0030-7653

N° Volume:

68

Numero o Fascicolo:

4

Intervallo pagine:

879-897

Parole chiave:

Insurance market; adverse selection; pricing anomalies

Breve descrizione dei contenuti:

We document a large and persistent anomaly in the UK car insurance market over the period 2012–13: insurance companies charged a higher premium for third-party (liability) insurance than comprehensive insurance (which includes third party). Furthermore, some companies charged higher premiums for comprehensive poli- cies with larger deductibles. In contrast to current theories of adverse or propitious selection, our evidence suggests both that consumers are too confused or too poorly informed to arbitrage between policy types and that sellers of car insurance do not implement the incentive-compatibility constraints at the heart of consumer demand theory. This particular insurance market is much less sophisticated than that characterized by modern microeconomic theory.

Id prodotto:

95064

Handle IRIS:

11562/955138

ultima modifica:

25 novembre 2022

Citazione bibliografica:

Cannon, Edmund; Cipriani, Giam Pietro; Bazar Rosen, Katia, More for less? Puzzling selection effects in the insurance market «Oxford Economic Papers» , vol. 68 , n. 4 , 2016 , pp. 879-897

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