We consider the Rothschild-Stiglitz model of insurance but without the exclusivity constraint. It turns out that there … always exists a unique equilibrium, in which the reliable and unreliable consumers take out a primary insurance up to its … quantity limit, and the unreliable take out further secondary insurance at a higher premium. We provide a simple proof of this …

demonstrate this finding for affective decision making in insurance markets. We prove that ADM potential games are refutable, by …

general censorship. An empirical application of the model selection test to the Loss-ALAE insurance data set is provided …

-based industries such as finance, insurance and gambling. We sketch an alternative approach to modeling risky choice that focuses on …

We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on … insurable within extended family networks. However, we find little evidence that the extended family provides insurance for such …

We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on … insured, having accounted for public insurance programs. We apply our framework to extended family networks in the United … insurance for such idiosyncratic shocks …

negative equity insurance, to advocate its viability in mitigating financial fragility. In order to tackle the many issues that …