Adverse Selection and Moral Hazard in the Annuity Markets

Silvia Platoni

Risultato della ricerca: Working paper


Several authors have analysed the case in which individuals possess hidden information about their longevity. Davies and Kuhn have considered the related case in which individuals can take hidden actions to affect their longevity. In this work I will consider the case in which the annuity market is characterized by both adverse selection and moral hazard; with private information all individuals, and in particular low-risk individuals, suffer from negative externalities.
Lingua originaleEnglish
Numero di pagine36
Stato di pubblicazionePubblicato - 2004


  • Annuities
  • Asymmetric and Private Information


Entra nei temi di ricerca di 'Adverse Selection and Moral Hazard in the Annuity Markets'. Insieme formano una fingerprint unica.

Cita questo