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Adverse Selection, Repeated Insurance Contracts and Annoucement Strategy

Georges Dionne; Pierre Lasserre

Université de Montréal

Review of Economic Studies 1985

In this note, we present a strategy which relies on multi-period contracts and on a self-selection mechanism which induces the insured to announce his true risk in the first period, thus eliminating inefficiency due to adverse selection.

DOI
10.2307/2297743
Volume
52 (4)
Pages
719
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