Information and Dynamic Adjustment in Life Insurance
Mattias K Polborn,
Michael Hoy and
Asha Sadanand
Authors registered in the RePEc Author Service: John Whalley
No 9906, University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics
Abstract:
Genetic tests can be expected to produce a large amount of economically important information in the future. What are the effects on a life insurance market if more information becomes available over time, for individuals and possibly also for insurers? Should people buy insurance before or after becoming informed? How do earlier trades influence the market equilibrium in later periods? We also analyze the scope for a Pareto improving regulation of the insurance market.
Date: 1999
New Economics Papers: this item is included in nep-pbe and nep-pub
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