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

externalities by setting appropriate prevention incentives through insurance premiums. A monopoly insurance solution reduces not … only costs of risk selection, but can also play an important role in loss-prevention. -- externalities ; insurance monopoly …

We study a dynamic Stackelberg differential game between a buyer and a seller of insurance policies in a spectrally …

In the global insurance market, the number of product-specific policies from different companies has increased … strategy by calculating the Nash equilibrium in an insurance market. Under that framework, each insurer is assumed to maximise … function of all insurers' payoff functions. A 12-player insurance game illustrates the theoretical findings under the framework …