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We will incorporate the minimum coverage legislation in Sect.
Open image in new window Fig. 8 The Pooling Equilibrium under Minimum Coverage Legislation.
Open image in new window Fig. 7 The CNE under Minimum Coverage Legislation.
Our aim is to determine whether a minimum coverage legislation (henceforth MCL) can implement some degree of cross-subsidization among different risks.
Using the model of Rothschild and Stiglitz (1976), we have shown that a minimum coverage legislation (MCL) may have undesirable effects on the market.
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This stresses our caveat for the combination of minimum coverage and mandatory enrolment legislation: not only redistribution between risks fails to materialize (as we still have a separating equilibrium), but also insurers could coordinate on an equilibrium where both low and high risks are worse-off as compared to laissez-faire.
Under this proposal, the experts would define the minimum coverage "within statutory parameters" set by Congress.
It does not help that local media give the Olympics the bare minimum coverage.
Minimum coverage of six sequence reads at the SNP locus.
The distribution had a minimum coverage of 5.32% and maximum coverage of 5.42%, and a mean of 5.37±1e-6 5.37±1e-6%
Minimum length = 200 bases; minimum coverage = 5×.
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CEO of Professional Science Editing for Scientists @ prosciediting.com