Welfare-improving ambiguity in insurance markets with asymmetric information

DOI10.1016/j.jet.2013.11.003zbMath1296.91159OpenAlexW3122350690MaRDI QIDQ402101

Roman Kozhan, Kostas Koufopoulos

Publication date: 27 August 2014

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://eprints.whiterose.ac.uk/151038/1/Welfare_improving_ambiguity_in_insurance_markets_with_asymmetric_information_JET_May_2014_.pdf

zbMATH Keywords

asymmetric informationambiguity aversionwelfare improvement

Mathematics Subject Classification ID

Related Items (4)

Optimal insurance under adverse selection and ambiguity aversion ⋮ Ambiguous price formation ⋮ The premium as informational cue in insurance decision making ⋮ Contract withdrawals and equilibrium in competitive markets with adverse selection

Cites Work

• Ambiguity and the value of information
• Maxmin expected utility with non-unique prior
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• A Smooth Model of Decision Making under Ambiguity

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