• Nathaniel Hendren


Private Information and Insurance Rejections. Nathaniel Hendren, September 2013, Paper. "Across a wide set of nongroup insurance markets, applicants are rejected based on observable, often high-risk, characteristics. This paper argues that private information, held by the potential applicant pool, explains rejections. I formulate this argument by developing and testing a model in which agents may have private information about their risk. I first derive a new no-trade result that theoretically explains how private in- formation could cause rejections..." Link Verified October 12, 2014