THE IMPORTANCE OF THE CHOICE OF TEST FOR FINDING EVIDENCE OF ASYMMETRIC INFORMATION
Keyword(s):
AbstractWe 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.
2009 ◽
Vol 76
(2)
◽
pp. 343-366
◽
2005 ◽
Vol 87
(2)
◽
pp. 197-207
◽
Evidence of adverse selection in automobile insurance market: A seemingly unrelated probit modelling
2017 ◽
Vol 5
(1)
◽
pp. 1330303
◽
2013 ◽
Vol 39
(1)
◽
pp. 104-145
2020 ◽
Vol 8
(5)
◽
pp. 1917-1920
2006 ◽
Vol 73
(2)
◽
pp. 335-356
◽
Keyword(s):
2013 ◽
Vol 13
(8)
◽
pp. 2053-2063
◽
Keyword(s):