INCENTIVE EFFICIENT PRICE SYSTEMS IN LARGE INSURANCE ECONOMIES WITH ADVERSE SELECTION

Keyphrases

• Insurance 100%
• Adverse Selection 100%
• Efficient Price 100%
• Price System 100%
• Budget Constraint 50%
• Equilibrium Outcome 50%
• Efficient Allocation 50%
• Selling 50%
• Competitive Market 50%
• Programming Problems 50%
• Efficient Outcomes 50%
• Higher Types 50%
• Rational Expectations 50%
• Informed Individual 50%
• Market Clearing 50%
• Menu of Contracts 50%
• Lottery Ticket 50%

Economics, Econometrics and Finance

• Incentives 100%
• Competitive Market 25%
• Rational Expectation 25%
• Allocative Efficiency 25%