This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …

and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the … of a legal system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such … equilibrium rates in a model of tort litigation, study how they are affected by different policies, and compare the costs and …

worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level …

We study an insurance model characterized by a continuum of risk types, private information and a competitive supply …

the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since … results point to a relatively low insurance sector wide risk. Dependence among insurers is higher than among reinsurers. …

We offer a theory of how the combination of budget constraints and insurance drives up prices. A natural context for …

parameter in a data-driven way. A systemic risk surveillance example for business model classification in the global insurance …

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

We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection …. Repeated interactions make it possible to threaten workers with exclusion from future insurance benefits after a default on … insurance premia. With exclusion, not only the insurance against the fundamental risk, but also against future bad news about …