Traditionally, underwriting performance is considered to be a function of industry-specific institutions. Using quarterly data from 1974 through 1990, we provide evidence of a long-run link between the general economy and the underwriting performance as measured by the combined ratio. Using...

In this article we attempt to determine the impact of a defendant's strategic choice of trial mode on the judicial process. In a sequential signalling game setting, we model a criminal trial using varying assumptions regarding the sophistication of the agents, while maintaining the assumption...