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Characterization and uniqueness of equilibrium in competitive insurance

Luz, Vitor Farinha - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1349-1391

's (1976) model of competitive insurance. I allow for stochastic contract offers by insurance firms and show that a unique … mixed equilibrium features (i) cross-subsidization across risk levels, (ii) dependence of offers on the risk distribution …

Persistent link: https://www.econbiz.de/10011744297

Internalizing externalities of loss-prevention through insurance monopoly : an analysis of interdependent risks

Hofmann, Annette - 2005

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

Persistent link: https://www.econbiz.de/10009390568

Optimization of the mechanism of natural and climate risk insurance at the macro- and meso-levels of the national economy

Prykaziuk, Nataliia; Lobova, Oksana; Motashko, Tatiana; … - In: Estudios de economía aplicada : revista promovida por … 39 (2021) 3, pp. 367-381

Persistent link: https://www.econbiz.de/10013188049

Adverse selection in the annuity market when payoffs vary over the time of retirement

Brunner, Johann K.; Pech, Susanne - 2000

Persistent link: https://www.econbiz.de/10001561166

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002

Persistent link: https://www.econbiz.de/10001698896

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement … that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

Persistent link: https://www.econbiz.de/10001731756

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002 - Revised Version

-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the … two periods can be decided either sequentially or simultaneously. We show that only a situation where all risk types …

Persistent link: https://www.econbiz.de/10009750235

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002

Persistent link: https://www.econbiz.de/10011541030

Adverse selection in the annuity market when payoffs vary over the time of retirement

Brunner, Johann K.; Pech, Susanne - 2000 - Revised Version

This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the periods of retirement. Varying the time structure of the...

Persistent link: https://www.econbiz.de/10009750561

Coordinated Strategic Defaults and Financial Fragility in a Costly State Veri fication Model

Carrasco, Vinicius - 2015

Diversification through a financial intermediary has the benefit of transforming loans that need costly monitoring into bank deposits that do not. We show, however, that financial intermediation in a costly state verification model has a cost not yet analyzed: it allows for the existence of...

Persistent link: https://www.econbiz.de/10013017966