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There are many missing insur- ance markets. Consider the following examples and discuss whether absence of insurance is due to moral hazard or to adverse

There are many missing insur- ance markets. Consider the following examples and discuss whether absence of insurance is due to moral hazard or to adverse selection (H/T Ray Fisman). Focus on three of the examples below.

(a) Divorce.

(b) Giving birth to twins.

(d) Missing a flight.

(e) Mountain climbing accident.

(f) Handgun liability.

(g) Failing to become the CEO at a Fortune 500 company by the age of 50.

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