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Competitive markets make companies offer competitive pricing for their products – but this might play out differently in certain markets, like insurance markets impacted by adverse selection. In his latest paper published in Journal of Mathematical Economics, the author discusses the impact of competition and risk selection in markets, particularly insurance markets, and evaluates different policies that aim to mitigate risk.
DOSIS, A. (2023). Taming Risk Selection in Competitive Insurance Markets. ESSEC Knowledge.