자동차보험시장의 비대칭 정보에 대한 실증분석
An Empirical Analysis of Asymmetric Information in the Automobile Insurance Market
0
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
본 연구는 한국 자동차보험시장에 비대칭 정보가 존재하는가를 실증적으로 규명하고자 한다. 관찰 상 동일한 보험가입자들을 대상으로 분석한 결과 보상영역 선택에 있어서 보상수준과 교통사고 간에 양의 상관관계가 있음을 발견하였다. 하지만 선택된 보상영역에 대한 보상액 선택에 있어서는 보상수준과 교통사고 간에 상관관계를 발견할 수 없었다. 이 같은 결과는 한국 자동차보험시장에서 비대칭 정보가 보상영역 선택에 있어서 존재함을 제시한다.
Abstract
This article empricially examines the presence of asymmetric information in the Korean automobile insurance market. It finds that for observationally equivalent policyholders, coverage is positively correlated with accidents in the choice of coverage areas. However, it finds no such correlation in the choice of coverage amount for each coverage area. These findings suggest that information asymmetry is relevant, but only to coverage area choices in the Korean market.
참고문헌 (11)
- Arnott, R, "The Basic Analytics of Moral Hazard", Scandinavian Journal of Economics, 90, pp.383~413 (1998)
- Chiappori, P, B, "Asymmetric Information in Insurance: General Testable Implications", Rand Journal of Economics, 37, pp.783~798 (2006)
- Chiappori, P, "Empirical Contract Theory: The Case of Insurance Data", European Economic Review, 41, pp.943~950 (1997)
- Chiappori, P, "Testing for Asymmetric Information in Insurance markets", Journal of Political Economy, 108, pp.56~78 (2000)
- Cohen, A, "Asymmetric Information and Learning: Evidence from the Automobile Insurance Market", Review of Economics and Statistics, 87, pp.197~207 (2005)
- De Meza, D, "Advantageous Selection in Insurance Markets", Rand Journal of Economics, 32, pp.249~262 (2001)
- Dionne, G., "Testing for Evidence of Adverse Selection in the Automobile Insurance Market: A Comment", Journal of Political Economy, 109, pp.444~453 (2001)
- Kim, H, "Evidence of Asymmetric Information in the Automobile Insurance Market: Dichotomous Versus Multinomial Measurement of Insurance Coverage", Journal of Risk and Insurance, 76, pp.343~366 (2009)
- Puelz, R, "Evidence on Adverse Selection: Equilibrium Signaling and Cross‐Subsidization in the Insurance Market", Journal of Political Economy, 102, pp.236~257 (1994)
- Richaudeau, D, "Automobile Insurance Contracts and Risk of Accident: An Empirical Test Using French Individual Data", Geneva Papers on Risk and Insurance Theory, 24, pp.97~114 (1999)
- Rothschild, M, "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information", Quarterly Journal of Economics, 90, pp.629~649 (1976)