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Adverse Selection
Adverse selection, anti-selection, or negative selection is a term used in economics, insurance, statistics, and risk management. On the most abstract level, it refers to a market process in which bad results occur due to information asymmetries between buyers and sellers: the "bad" products or customers are more likely to be selected. A bank that sets one price for all its checking account customers runs the risk of being adversely selected against by its high-balance, low-activity (and hence most profitable) customers. Two ways to model adverse selection are with signaling games and screening games.
Adverse selection as it applies to law departments
Adverse selection applies to those who manage law departments. First, however, a short explanation of the term. One example of adverse selection is where more people who need insurance buy it and healthy people forego it...
Collusion in a One-Period Insurance Market with Adverse Selection
Posted by D. Daniel Sokol Alexander Alegrķa and Carlos Manuel Willington, Universidad Alberto Hurtado - ILADES provide a case study in a Collusion in a One-Period Insurance Market with Adverse Selection regarding the Chilean insurance sector...
A is for adverse possession...
Via the Billable Hour comes the following greeting card/comic:
Adverse possession, Art 1 and acknowledgements
Ofulue & Anor v Bossert [2008] EWCA Civ 7 deals with an adverse possession case prior to the Land Registration Act 2002...
Material Adverse Effect
There was an interesting article in The Wall Street Journal today about Apollo Management and Hexion Specialty Chemicals suing Huntsman Corp...
confronting adverse authority
Kathy Stanchi (Temple) has posted her new article, Playing with Fire: The Science of Confronting Adverse Authority in Legal Advocacy, on SSRN...
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