Publication: Can transparency increase adverse selection? Evidence from an electronic platform for annuities
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5 p.
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Abstract
We show that the introduction of an electronic platform in the Chilean annuity market with the objectives of bringing transparency and enhancing competition also exacerbated adverse selection.
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Citation
Eduardo Fajnzylber, M. Florencia Gabrielli, Manuel Willington, Can transparency increase adverse selection? Evidence from an electronic platform for annuities, Economics Letters, Volume 228, 2023, 111135, https://doi.org/10.1016/j.econlet.2023.111135
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