Abstract

http://ssrn.com/abstract=1693011
 
 

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Beyond Testing: Empirical Models of Insurance Markets


Liran Einav


Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

Amy Finkelstein


Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER)

Jonathan Levin


Stanford University - Department of Economics; Stanford Graduate School of Business; National Bureau of Economic Research (NBER)

March 2010

Annual Review of Economics, Vol. 2, pp. 311-336, 2010

Abstract:     
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.

Accepted Paper Series


Not Available For Download

Date posted: October 18, 2010  

Suggested Citation

Einav, Liran and Finkelstein, Amy and Levin, Jonathan, Beyond Testing: Empirical Models of Insurance Markets (March 2010). Annual Review of Economics, Vol. 2, pp. 311-336, 2010. Available at SSRN: http://ssrn.com/abstract=1693011 or http://dx.doi.org/10.1146/annurev.economics.050708.143254

Contact Information

Liran Einav (Contact Author)
Stanford University - Department of Economics ( email )
Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
650-723-3704 (Phone)
928-223-4973 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Amy Finkelstein
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
E52-391
Cambridge, MA 02142
United States
617-588-0361 (Phone)
617-868-7242 (Fax)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Jonathan D. Levin
Stanford University - Department of Economics ( email )
Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
Stanford Graduate School of Business ( email )
518 Memorial Way
Stanford, CA 94305-5015
United States

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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