Estimating Welfare In Insurance Markets Using Variation in Prices
We provide a graphical illustration of how standard consumer and producer theory can be used to quantify the welfare loss associated with inefficient pricing in insurance markets with selection. We then show how this welfare loss can be estimated empirically using identifying variation in the price...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
MIT Press Journals
2010
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| Online Access: | http://hdl.handle.net/1721.1/54194 https://orcid.org/0000-0002-9941-6684 |