{"id":124434,"date":"2022-01-26T17:43:45","date_gmt":"2022-01-26T17:43:45","guid":{"rendered":"https:\/\/essayparlour.com\/custom-essays\/?p=124434"},"modified":"2022-01-26T17:43:45","modified_gmt":"2022-01-26T17:43:45","slug":"a-few-years-ago-a-new-online-insurer-appeared-found","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/custom-essays\/business-economics-2\/a-few-years-ago-a-new-online-insurer-appeared-found\/","title":{"rendered":"A few years ago, a new online insurer appeared. Found"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>A few years ago, a new online insurer appeared. Found at www.ticketfree.org, the insurer offered, for a price, up to $500 of coverage against speeding tickets.<br \/>\n a. Who has more valuable information in this potential transaction, the buyer of speeding ticket insurance or the seller?<br \/>\n b. Explain why the existence of information asymmetries creates an adverse selection problem in the market for speeding ticket insurance.<br \/>\n c. What is likely to happen to the behavior of both faster and slower drivers once they have purchased speeding ticket insurance? What is this kind of problem called?<br \/>\n d. Ticketfree.org is no longer in operation. Use your answers to (b) and (c) to explain why.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\nA few years ago, a new online insurer appeared. Found at www.ticketfree.org, the insurer offered, for a price, up to $500 of coverage against speeding tickets.<br \/>\n a. Who has more valuable information in this potential transaction, the buyer of <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-124434","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/124434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/comments?post=124434"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/124434\/revisions"}],"predecessor-version":[{"id":124435,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/124434\/revisions\/124435"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/media?parent=124434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/categories?post=124434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/tags?post=124434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}