Beyond Testing: Empirical Models of Insurance Markets
First published online as a Review in Advance on March 8, 2010
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Annual Reviews
2012
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| Online Access: | http://hdl.handle.net/1721.1/72047 https://orcid.org/0000-0002-9941-6684 |
| _version_ | 1811090377214525440 |
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| author | Einav, Liran Finkelstein, Amy Levin, Jonathan |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Einav, Liran Finkelstein, Amy Levin, Jonathan |
| author_sort | Einav, Liran |
| collection | MIT |
| description | First published online as a Review in Advance on March 8, 2010 |
| first_indexed | 2024-09-23T14:44:38Z |
| format | Article |
| id | mit-1721.1/72047 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T14:44:38Z |
| publishDate | 2012 |
| publisher | Annual Reviews |
| record_format | dspace |
| spelling | mit-1721.1/720472022-10-01T22:12:45Z Beyond Testing: Empirical Models of Insurance Markets Einav, Liran Finkelstein, Amy Levin, Jonathan Massachusetts Institute of Technology. Department of Economics Finkelstein, Amy Finkelstein, Amy First published online as a Review in Advance on March 8, 2010 We describe recent advances in the empirical analysis of insurance markets. This new research proposes ways to estimate individual demand for insurance and the relationship between prices and insurer costs in the presence of adverse and advantageous selection. We discuss how these models permit the measurement of welfare distortions arising from asymmetric information and the welfare consequences of potential government policy responses. We also discuss some challenges in modeling imperfect competition between insurers and outline a series of open research questions. National Institute on Aging (R01 AG032449) National Science Foundation (U.S.) (SES-0643037) National Science Foundation (U.S.) (SES-0349278) Stanford Institute for Economic Policy Research 2012-08-08T19:33:57Z 2012-08-08T19:33:57Z 2010-01 2009-08 Article http://purl.org/eprint/type/JournalArticle 1941-1383 1941-1391 http://hdl.handle.net/1721.1/72047 Einav, Liran, Amy Finkelstein, and Jonathan Levin. “Beyond Testing: Empirical Models of Insurance Markets.” Annual Review of Economics 2.1 (2010): 311-336. https://orcid.org/0000-0002-9941-6684 en_US http://dx.doi.org/10.1146/annurev.economics.050708.143254 Annual Review of Economics Creative Commons Attribution-Noncommercial-Share Alike 3.0 http://creativecommons.org/licenses/by-nc-sa/3.0/ application/pdf Annual Reviews NBER |
| spellingShingle | Einav, Liran Finkelstein, Amy Levin, Jonathan Beyond Testing: Empirical Models of Insurance Markets |
| title | Beyond Testing: Empirical Models of Insurance Markets |
| title_full | Beyond Testing: Empirical Models of Insurance Markets |
| title_fullStr | Beyond Testing: Empirical Models of Insurance Markets |
| title_full_unstemmed | Beyond Testing: Empirical Models of Insurance Markets |
| title_short | Beyond Testing: Empirical Models of Insurance Markets |
| title_sort | beyond testing empirical models of insurance markets |
| url | http://hdl.handle.net/1721.1/72047 https://orcid.org/0000-0002-9941-6684 |
| work_keys_str_mv | AT einavliran beyondtestingempiricalmodelsofinsurancemarkets AT finkelsteinamy beyondtestingempiricalmodelsofinsurancemarkets AT levinjonathan beyondtestingempiricalmodelsofinsurancemarkets |