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insurance markets with adverse selection and without commitment. Under the consideration of the inherent costs related to the … loss of privacy, the paper analyzes the incentives of insureds to reveal information, whereby they can decide how much or …
Persistent link: https://www.econbiz.de/10005231975
insurance markets with adverse selection and without commitment. Under the consideration of the inherent costs related to the … loss of privacy, the paper analyzes the incentives of insureds to reveal information, whereby they can decide how much or …
Persistent link: https://www.econbiz.de/10010263040
-off between efficient insurance provision and social equity. We also review empirical studies on risk classification and residual …
Persistent link: https://www.econbiz.de/10009369377
to adverse selection in insurance markets. However, some consumers value their privacy and dislike sharing private … risk type for an individual subjective cost and show analytically how this affects insurance market equilibria as well as … digitalization. It shows that new technologies bring new ways to challenge crosssubsidization in insurance markets and stresses the …
Persistent link: https://www.econbiz.de/10011724373
to adverse selection in insurance markets. However, some consumers value their privacy and dislike sharing private … risk type for an individual subjective cost and show analytically how this affects insurance market equilibria as well as … digitalization. It shows that new technologies bring new ways to challenge crosssubsidization in insurance markets and stresses the …
Persistent link: https://www.econbiz.de/10011731145
We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals? demand for insurance coverage. In turn, this affects equilibria in various insurance models of …
Persistent link: https://www.econbiz.de/10010261214
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 …
Persistent link: https://www.econbiz.de/10014025527
We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals' demand for insurance coverage. In turn, this affects equilibria in various insurance models of …
Persistent link: https://www.econbiz.de/10011449545
Funeral Aid Associations (FAAs) in Northeast Thailand offer micro funeral insurance at affordable premium levels while … the insurance. Compared to many other micro insurance schemes, however, FAAs do not seem to face adverse effects of this … of a sufficient number of low-risk individuals, who deliberately buy insurance despite what their risk types would advice …
Persistent link: https://www.econbiz.de/10011433518
's (1976) model of competitive insurance. I allow for stochastic contract offers by insurance firms and show that a unique …
Persistent link: https://www.econbiz.de/10011744297