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 …

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 …

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 …

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 …

's (1976) model of competitive insurance. I allow for stochastic contract offers by insurance firms and show that a unique …

to mitigate adverse selection and improve insurance market efficiency, but it may have undesirable equity or efficiency … consequences. We employ a canonical screening model of insurance contracting to study these trade-offs in a range of informational …

Asymmetric information is an important phenomenon in insurance markets, but the empirical evidence on the extent of … crucial to test for asymmetric information in specific insurance markets. In this paper, we analyse a recent data set on … automobile insurance in Germany, the largest such market in Europe. We present and compare a variety of statistical testing …

." Using the insurance market example of Rothschild-Stiglitz (1976) I show that biases of high-risk individuals have … is possible, that a breakdown of the insurance market occurs. This extreme result is more likely in insurance markets …

to a catastrophe. Distinct from the existing literature on insurance cycles, we model optimal contracting by competitive … insurance cycle …