This short paper examines the simple competitive insurance market in the presence of information ambiguity. Information … unique equilibrium exists, and full insurance will be purchased. If insurers are more ambiguous than customers, less than … full insurance or no insurance will be purchased …

Human behavior, rational or irrational one, influences one of the most complex markets worldwide: the insurance market …. In most situations, insurance markets are not competitive and risk neutral insurers negotiate under asymmetric … information with actors who exhibit risk aversion. In this paper we develop a game theory model that analyzes the negotiation of …

When public long-term care (LTC) insurance is provided by insurers, they typically lack incentives for purchasing cost … insurance, it is unclear whether adequate risk adjustment is feasible for LTC because of its specific features. We examine the … feasibility of risk adjustment for LTC insurance using a rich set of linked nationwide Dutch administrative data. Prior LTC use …

insurance contracts. In settings with mortality risk, critical illness risk and habit formation, our solution method outperforms …

This paper discusses the allocation of aggregate longevity risk in the case of perfect insurance markets. We show that … the optimal allocation transfers some risk to the pensioners, even if pension providers have access to a perfect insurance …

All insurance products are bundles. For example, medical insurance bundles oncology and cardiology insurance. What … are misaligned. Empirically, I focus on longterm care insurance and show the steep discounts given to couples (≈25%) can … be explained by cost saving correlation. To test the theory more widely, I study the universe of risks in the HRS: long …