Universität Hamburg. Professor Dr. Andreas Richter ist Vorstand des Instituts für Risikomanagement und Versicherung der LMU …

] (RS) model of competitive insurance markets, provided costs are bounded. However, equilibrium predictions are sensitive to … converges. We present sufficient conditions under which AG equilibrium exists when cost is unbounded. For simple insurance … markets, we derive a condition which is necessary and sufficient for existence: surplus from insurance must increase faster …

I study a screening game in a competitive insurance market in which insurance customers differ with respect to both …

How should intermediaries influence the insurance demand decision? The answer must refer to the interdependence of … and by considering individuals' situation and economic circumstances. The economic theory provides determinants that are … essential for the insurance demand decision. Undoubtedly, consumers lack information about certain variables, and therefore …