Adverse selection in various insurance markets and the ways to deal with it (the experience of practical research)

V. Dengov () and E. Melnikova
Additional contact information
V. Dengov: Adverse selection in various insurance markets and the ways to deal with it (the experience of practical research)

Annals of marketing-mba, 2013, vol. 2

Abstract: The functioning of a modern economy can’t be studied on the basis of neoclassical models. They don’t include such phenomenon as asymmetric and incomplete information. They don’t take into account the possible risks of making decisions and don’t consider such effects of information asymmetry as adverse selection, moral hazard and opportunistic behavior of the parties. Based on the results of practical research of adverse selection and moral hazard in the various insurance markets, the ways to deal with these problems are analyzed and solutions in particular situations are proposed by the authors.

Keywords: insurance markets; adverse selection; moral hazard; insurance coverage; risk and uncertainty (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.marketing-mba.ru/article/v2_13/Dengov.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mmb:journl:articl_v2_6_13

Access Statistics for this article

More articles in Annals of marketing-mba from Department of Marketing, Marketing MBA (RSconsult) Contact information at EDIRC.
Bibliographic data for series maintained by Sidorchuk, Roman ().