Deposit insurance schemes are becoming increasingly popular around the world and yet there is little understanding of … deposit insurance. We analyse a model in which agents choose between depositing their funds with banks and placing them in a … providing deposit insurance to encourage deposits. Contrary to received opinion, we find that deposit insurance should be funded …

What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about … their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …

We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …

insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates …

Ever since the seminal work by Rothschild and Stiglitz (1976) on competitive insurance markets under adverse selection … the equilibrium-non-existence problem has been one of the major puzzles in insurance economics. We extend the original …

Empirical testing of asymmetric information in the insurance market has uncovered a negative correlation between risk … levels and insurance purchases, rather than the positive correlation predicted by the standard insurance theory. Hemenway … insurance buyers have different tastes for risk and that 'individuals who are highly risk avoiding are more likely both to try …

in the context of a simple model of insurance, where there is no Arrow Debreu equilibrium to allocate risk efficiently …

macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in … the treatment group purchased insurance. However, purchasing insurance does not change the likelihood that a business … microenterprises. However, insurance may still be of value to them to help cope with shocks when they do occur, but we are unable to …

Recent empirical work finds that surprisingly little variation in the demand for insurance is explained by … variation. Heterogeneous risk perceptions induce a systematic difference between the revealed and actual value of insurance as a … function of the insurance price. Using a sufficient statistics approach that accounts for this alternative source of …