Construct · 1 fields · 1 citations

Einav-Finkelstein-Cullen framework: a standalone construct

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Insurance economics

approach that uses price variation to estimate insurance demand and cost curves, testing for adverse selection and measuring its welfare cost.

In insurance economics, Einav-Finkelstein-Cullen framework refers to approach that uses price variation to estimate insurance demand and cost curves, testing for adverse selection and measuring its welfare cost. This meaning comes from Einav (2010) in Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

adverse selection4 names · 4 citationsjangle · hidden information skews the market cost4 fields · 4 citationsjingle · one word, four constructs demand4 fields · 4 citationsjingle · one word, four constructs

References

Einav, L., Finkelstein, A., & Cullen, M. R. (2010). Estimating Welfare in Insurance Markets Using Variation in Prices. Quarterly Journal of Economics, 125(3), 877-921. https://doi.org/10.1162/qjec.2010.125.3.877

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