In this paper, we address the identification and estimation of insurance models where insurees have private information about their risk and risk aversion. The model includes random damages and allows for several claims, while insurees choose from a finite number of coverages. We show that the...

Disasters caused by natural hazards, such as earthquakes or hurricanes, have many adverse consequences associated with the physical damage they cause. Here, we show that the very name given to a disaster can also lead to adverse consequences. We argue that the name used for a disaster is...

We study a situation where physicians differing in their degree of altruism exert a diagnostic effort before deciding whether to test patients to determine the most appropriate treatment. The diagnostic effort generates an imperfect private signal of the patient’s type, while the test is...