Adverse selection in health insurance : are first best contracts impossible
Alary, David; Bien, Franck (2005), Adverse selection in health insurance : are first best contracts impossible. https://basepub.dauphine.fr/handle/123456789/5961
TypeDocument de travail / Working paper
Series titleCahiers de recherche d'EURISCO
MetadataShow full item record
Abstract (EN)In this note, we intend to characterize conditions such that adverse selection is irrelevant in health insurance. We show that a condition is that policyholders health status is suﬃciently reduced by illness.
Subjects / KeywordsAdverse Selection; Health insurance; bivariate utility function; health status; optimal contract
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