insureds in automobile insurance markets both for perfect competition and for monopoly. Specifically, we assume that insurers …

We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals? demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

Funeral Aid Associations (FAAs) in Northeast Thailand offer micro funeral insurance at affordable premium levels while … the insurance. Compared to many other micro insurance schemes, however, FAAs do not seem to face adverse effects of this … of a sufficient number of low-risk individuals, who deliberately buy insurance despite what their risk types would advice …

We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals' demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

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 …

The present paper thoroughly explores second-best efficient allocations in an insurance economy with adverse selection …

tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

In this paper the effects of the introduction of the so called “pay per use” -insurance products are examined. These … insurance-premium paid. Since there is a positive correlation between mileage and the risk of causing an accident the refund is … characteristics of “pay per use” policy-holders and “traditional” policy- holders. Therefore a random sample of 4,000 car-insurance …

tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …