Construct · 1 fields · 1 citations

Rothschild-Stiglitz model: a standalone construct

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Insurance economics

a model of competitive insurance with hidden risk types in which equilibrium, when it exists, separates types through different coverage levels.

In insurance economics, Rothschild-Stiglitz model refers to a model of competitive insurance with hidden risk types in which equilibrium, when it exists, separates types through different coverage levels. This meaning comes from Rothschild (1976) in The Quarterly Journal of Economics.[1]

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Nearby constructs

adverse selection4 names · 4 citationsjangle · hidden information skews the market screening3 fields · 4 citationsjingle · one word, three constructs coverage3 fields · 3 citationsjingle · one word, three constructs

References

Rothschild, M., & Stiglitz, J. (1976). Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information. The Quarterly Journal of Economics, 90(4), 629. https://doi.org/10.2307/1885326

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