We examine equilibria in competitive insurance markets with adverse selection when wealth differences arise … ceteris paribus exhibit the lower marginal willingness to pay for insurance than low risks, a phenomenon that we refer to as …

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …

form of an insurance contract to impose partial insurance of the low risks. This paper contributes to the discussion on … optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance …

We study a competitive insurance market in which insurers have an imperfect informative advantage over policyholders … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a … lower market concentration may entail an increase in insurance premia. …

correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

payments and financial literacy, as well as markets for health insurance, crop insurance, agricultural credit, small firm …