Self-control, effort procrastination, and competitive equilibrium in insurance markets
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| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20200028970 | ||
| 003 | MAP | ||
| 005 | 20220911202040.0 | ||
| 008 | 200921e20200901usa|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a219 | ||
| 100 | $0MAPA20100003190$aAi, Jing | ||
| 245 | 1 | 0 | $aSelf-control, effort procrastination, and competitive equilibrium in insurance markets$cJing Ai, Lin Zhao, Wei Zhu |
| 520 | $aThis article studies consumers' self-control problems in precautionary activities, their contract choices, and the welfare implications in a competitive insurance market. Present bias and consumer naivete both induce consumers to procrastinate or eventually give up precautionary efforts. In consequence, self-control problems disrupt the monotonicity of consumers' indifference curve on contract choices, leading to a pooling equilibrium or an absence of riskcoverage correlation, in addition to the classic result of adverse selection. Compulsory insurance raises all consumers' welfare only in adverse selection, but not in other equilibrium patterns. | ||
| 650 | 4 | $0MAPA20080586294$aMercado de seguros | |
| 650 | 4 | $0MAPA20080624019$aComportamiento del consumidor | |
| 650 | 4 | $0MAPA20080598358$aProductos de seguros | |
| 650 | 4 | $0MAPA20080611880$aPerspectivas del seguro | |
| 650 | 4 | $0MAPA20080584290$aContrato de seguro | |
| 700 | 1 | $0MAPA20100063170$aZhao, Lin | |
| 700 | 1 | $0MAPA20200018810$aZhu, Wei | |
| 773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g01/09/2020 Volumen 87 Número 3 - septiembre 2020 , p. 751-782 |