Insurance Markets Lab — Adverse Selection and Moral Hazard

Run a health-insurance pool that unravels in real time, then design the institutional fix. Three rounds: build the adverse-selection death spiral (Akerlof 1970, Rothschild-Stiglitz 1976); add moral hazard and find the Zeckhauser (1970) cost-sharing optimum (RAND HIE); pick a combination of four mechanism levers (mandate, risk-rating, cost-sharing, managed care) and brief the regulator. Closes Track 2A.