on adverse selection
would depend on whether the Medicaid-eligibles are higher- or lower-cost than other participants in the individual health insurance market.
Where adverse selection
does potentially occur, and to a serious degree, is in markets where regulation prevents insurers from taking into account risk information they surely could have.
The present paper is concerned with the potential impact of adverse selection
as an outcome of employees' attitudes toward indirect cost control efforts.
is very relevant to the high cost of health insurance in the U.S.
Consistent with our hypotheses, IPOs with a high number of co-managers in their syndicates have lower spreads, lower adverse selection
costs, and a lower probability of informed trading (PIN) in the aftermarket.
Our analysis of alpha in the hours and days after a trade strongly supports the claim that attrade predictive analytics, as provided by Pipeline's Alpha Pro, offset adverse selection
and improve alpha capture.
* Adverse selection
is a risk that must be minimized through pricing and thorough new loan origination analysis.
This study implies that leasing and CPO programs have some impact in mitigating the consequences of adverse selection
in the used car market by improving the information mechanism between buyers and sellers.
In this context, we loosely define adverse selection
as the risk an insurer faces because only those who benefit from insurance at the offered price will buy it.
And a large segment of the uninsured comprises healthy individuals who may voluntarily choose to forego health insurance at existing premiums as predicted by adverse selection
at Bloomington) has updated all his chapters and added new interactive exercises and a web site to cover game theory, including the concepts of dominated and dominant strategies, iterated dominance, and Nash equilibrium, information (such as sets, the Harsanyi transformation and Bayesian games) mixed and continuous strategies, dynamic games with symmetric information, reputation and repeated games with symmetric information, and dynamic games with incomplete information, and asymmetric information such as moral hazards, adverse selection
, mechanical design, postcontractual hidden knowledge and signaling.
This kind of overextension could likely result in adverse selection
and instability that could ultimately have dramatic effects on California's economy.