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 …

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …

-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …

We study a competitive insurance market in which insurers have an imperfect informative advantage over policyholders … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a … lower market concentration may entail an increase in insurance premia. …

We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …

We study a monopoly insurance model with endogenous information acquisition. Through a continuous e ort choice …