Managing adverse selection: underinsurance versus underenrollment.
Adverse selection in insurance markets may lead some consumers to underinsure or too few consumers to purchase insurance relative to the socially optimal level. I study whether common government policy interventions can mitigate both underinsurance and underenrollment due to adverse selection. I est...
| Published in: | RAND Journal of Economics (Wiley-Blackwell) Vol. 52; no. 2; pp. 359 - 382 |
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| Format: | Article |
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Wiley-Blackwell
Jun2021
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| Online Access: | View this record in EBSCOhost |