In this paper we analyze a measure of the insurance company’s value in an extended Lundberg model which includes the … of a company operating on both competitive insurance and financial markets, when insureds migrate in seeking for better …

beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

the way catastrophe risk insurance markets operate today. This chapter focuses on how insurance in combination with other … events in the United States. We then examine the demand for homeowners insurance and why there is limited interest by many … insurance: Premiums should reflect risk and Dealing with equity and affordability issues , and discuss several options for …

: Risk and Insurance Theory Without Information Problems -- Higher-Order Risk Attitudes -- Non-Expected Utility and the … Risk Taking: A Survey -- Risk Measures and Dependence Modeling -- The Theory of Insurance Demand.-Prevention and Precaution … -- Part 3 : Asymmetric Information: Theory -- Optimal Insurance Contracts under Moral Hazard -- Adverse Selection in Insurance …