A theory of the demand for underwriting

• Main Authors: Kamiya, Shinichi, Browne, Mark J.
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Finance::Insurance policies
• Online Access: https://hdl.handle.net/10356/99238; http://hdl.handle.net/10220/17189
• Institution: Nanyang Technological University

We examine the demand for underwriting and its effect on equilibrium in an insurance market in which insureds know their risk type, but insurers do not. Our analysis indicates that a set of policies including one that requires buyers to take an underwriting test can constitute a full coverage Nash e...