This book provides a comprehensive, coherent, and intuitive review of panel data methodologies that are useful for empirical analysis. Substantially revised from the second edition, it includes two new chapters on modeling cross-sectionally dependent data and dynamic systems of equations. Some...

In this paper we address the identification and estimation of insurance models where insurees have private information about their risk and risk aversion. The model includes random damage and allows for several claims, while insurees choose from a finite number of coverages. We show that the...