The Geneva Papers: 40 Years at the Cutting Edge of Research by Christophe Courbage

By Christophe Courbage

This is a distinct selection of papers celebrating forty Years of The Geneva Papers on possibility and Insurance.

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A. and Salanié, B. (2000) ‘Testing for asymmetric information in insurance markets’, Journal of Political Economy 108(1): 56–78. , Salanié, B. and Salanié, F. (2006) ‘Asymmetric information in insurance: General testable implications’, The RAND Journal of Economics 37(4): 783–798. Cohen, A. and Einav, L. (2007) ‘Estimating risk preferences from deductible choice’, The American Economic Review 97(3): 745–788. Cohen, A. and Siegelman, P. (2010) ‘Testing for adverse selection in insurance markets’, The Journal of Risk and Insurance 77(1): 39–48.

Evidence from insurance data’, The American Economic Review 101(2): 591–631. Besche, A. (2003) Die Pflegeversicherung. [Long-term Care Insurance (in German)] Cologne: Bundesanzeiger. J. -A. Chiappori and C. ) Competitive Failures in Insurance Markets, Cambridge: MIT Press, pp. 97–112. Bundesaufsichtsamt für das Versicherungswesen (BAV) [German Federal Supervisory Agency for Insurance] (1992) ‘Anordnungen und Verwaltungsgrundsätze [Directives and and administrative principles]’, Veröffentlichungen des BAV 41(5): 158–160.

5. The table reports that several of the variables have a significant correlation with insurance consumption, although the magnitudes of the coefficients in these cases are not great. 6. The probit models are estimated via the maximum likelihood method. 6 present only the point estimates and standard errors for the coefficients of the variables suggesting adverse and advantageous selection. The tables also report the sample size and pseudo-R2 for each regression model. The declining number of observations is due to an increasing number of missing values as more variables are added to the regression.

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