Kenneth J. Arrow on Risks - Dictionary of Arguments
Mause I 168
Risks/Insurance Markets/Information/Information Markets/Arrow: (1)
Def Negative selection/adverse selection: is when an insurance company no longer offers certain insurance policies because the risks to be insured are too high. Example: Conscientious customers can also no longer acquire certain insurance policies, ultimately because of the behavior of other customers.
1. K. J. Arrow, The economics of agency. In Principals and agents: The structure of business, Hrsg. John W. Pratt und Richard J. Zeckhauser, S. 37– 51. Boston 1985._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Kenneth J. Arrow
Social Choice and Individual Values: Third Edition New Haven 2012
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018