KMS Of Academy of mathematics and systems sciences, CAS
Self-Control, Effort Procrastination, and Competitive Equilibrium in Insurance Markets | |
Ai, Jing1; Zhao, Lin2; Zhu, Wei3 | |
2020-09-01 | |
发表期刊 | JOURNAL OF RISK AND INSURANCE |
ISSN | 0022-4367 |
卷号 | 87期号:3页码:751-782 |
摘要 | This 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 risk-coverage 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. |
DOI | 10.1111/jori.12275 |
收录类别 | SCI |
语种 | 英语 |
WOS研究方向 | Business & Economics |
WOS类目 | Business, Finance ; Economics |
WOS记录号 | WOS:000558776700007 |
出版者 | WILEY |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://ir.amss.ac.cn/handle/2S8OKBNM/51980 |
专题 | 系统科学研究所 |
通讯作者 | Ai, Jing |
作者单位 | 1.Univ Hawaii Manoa, Shidler Coll Business, 2404 Maile Way, Honolulu, HI 96822 USA 2.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 3.Univ Int Business & Econ, Sch Insurance & Econ, Beijing 100029, Peoples R China |
推荐引用方式 GB/T 7714 | Ai, Jing,Zhao, Lin,Zhu, Wei. Self-Control, Effort Procrastination, and Competitive Equilibrium in Insurance Markets[J]. JOURNAL OF RISK AND INSURANCE,2020,87(3):751-782. |
APA | Ai, Jing,Zhao, Lin,&Zhu, Wei.(2020).Self-Control, Effort Procrastination, and Competitive Equilibrium in Insurance Markets.JOURNAL OF RISK AND INSURANCE,87(3),751-782. |
MLA | Ai, Jing,et al."Self-Control, Effort Procrastination, and Competitive Equilibrium in Insurance Markets".JOURNAL OF RISK AND INSURANCE 87.3(2020):751-782. |
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