Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
We model a monopoly insurance market in which consumers can learn their accident risks at a cost c. We then examine the welfare effects of a policy that reduces c. If c is sufficiently small (c < c*), the optimal contract is such that the consumer gathers information. For c < c*, both the insurer and the consumer benefit from a policy that reduces c further. For c > c*, marginally reducing c hurts the insurer and weakly benefits the consumer. Finally, a reduction in c that is successful, meaning that the consumer gathers information after the reduction but not before it, can hurt both parties.