We analyze a mutual fire insurance mechanism used in Andorra, which is called La Crema in the local language. This …

Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear … some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such … insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put …

care outlets associated to the tenure of double (public plus private) insurance. In order to address the problem, a …/savings of alternative policies which bear an impact on the adoption of double insurance by the population. The results suggest … cease to hold double insurance. …

elementary, everyday introduction to the concepts of risk and insurance. Conceptually, risk has two dimensions: a potential loss …, and the chance of that loss being realized. People can, however, transfer risk to insurance companies against the payment … whether premiums are appropriate. For many risks, this poses little problem (e.g., life insurance); however, it is difficult …

This paper extends previous resuls on optimal insurance trading in the presence of a stock market that allows … with references to the role of genetic testing in insurance markets. We find a novel and surprising result under symmetric … information: agents may optimally prefer to purchase full insurance despite the presence of unfairly priced insurance contracts …

care outlets associated to the tenure of double (public plus private) insurance. In order to address the problem, a …/savings of alternative policies which bear an impact on the adoption of double insurance by the population. The results suggest … cease to hold double insurance. …

signaling into general equilibrium. By recasting the Rothschild-Stiglitz model of insurance in this framework, they find that a …

biases, including conjunction and disjunction fallacies, but also for several anomalies related to demand for insurance. …

. As an example, we present applications of affective decision-making in insurance markets, where the risk perceptions of …