Asymmetric Information in Automobile Insurance: Evidence From Driving Behavior
基于独特的驾驶行为数据集，检验驾驶特征中的私人信息是否显著影响汽车保险的合同选择和风险。研究发现驾驶因素影响风险，但未发现第三方责任险和第一方险覆盖水平的选择效应。
Abstract Based on a unique data set of driving behavior we test whether private information in driving characteristics has significant effects on contract choice and risk in automobile insurance. We define a driving factor based on overall distance driven, number of car rides, and speeding. Using local weather conditions, we account for the endogeneity of the driving factor. While this driving factor has an effect on risk, there is no significant evidence for selection effects in the level of third‐party liability and first‐party insurance coverage.