Search Results - subject_exact:"Insurance economics"

The insurance value of public insurance against idiosyncratic income risk

Busch, Christopher; Madera, Rocio - 2026

The tax and transfer system partially insures households against individual income risk. We build a framework to assess the size and (welfare) value of this partial insurance, which is based on exploiting distributional differences between household gross income and disposable income. Our...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596659

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The insurance value of public insurance against idiosyncratic income risk

Busch, Christopher; Madera, Rocío - 2026

Book / Working Paper

Optimal insurance with information asymmetry : nonlinear and linear pricing

Han, Xia; Li, Bin; Luo, Yao - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015582950

Equilibrium in the insurance chain under risk and ambiguity aversion

Lima, Luis Adrián - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650822

Optimal capital allocation between earth and space insurance : a standard portfolio theory approach

Dai, Yuechen; Watt, Richard; Das, Kuntal K. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015673425

Optimal design of model-contingent insurance contracts

Riedel, Frank; Spengemann, Marco - 2026

We study optimal insurance design under linear transaction costs for a policyholder with smooth ambiguity preferences when the underlying loss distribution is identifiable ex post. Under expected utility, Arrow's classical theorem implies that the optimal contract is a straight deductible. Under...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015677183

Risk design : AI and prediction beyond screening in insurance markets

Chan, Alex - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676521

Risk attitudes towards on-demand insurance : an experimental study

Chang, Hsiao-Yin; Schmeiser, Hato - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371452

Econometrics of insurance with multidimensional types

Aryal, Gaurab; Perrigne, Isabelle; Vuong, Quang H.; … - 2025

In this paper, we address the identification and estimation of insurance models where insurees have private information about their risk and risk aversion. The model includes random damages and allows for several claims, while insurees choose from a finite number of coverages. We show that the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015190336

Optimal insurance policies and saving in a temporal world

Aase, Knut K. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015471597

Pareto optimal insurance policies : kinks with or without frictions

Aase, Knut K. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015471599

Demand for life annuities, critical illness insurance, and long-term care insurance

Wan, Cheng; Bateman, Hazel; Hanewald, Katja - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472132

Spatio-temporal risk sharing and transfer : a unified theory of multi-period decentralized insurances and annuities

Feng, Runhuan; Liu, Peixin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015472133

Super-long discount rates for insurers in incomplete markets with bond supply control

Saito, Taiga; Takahashi, Akihiko - 2025 - Revised in July 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015446894

Strike insurance : the labor question and the limits of insurance

Kaminski, Robert - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015451099

Distributionally robust insurance under the Wasserstein distance

Boonen, Tim J.; Jiang, Wenjun - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015431886

Pricing insurance contracts with an existing portfolio as background risk

De Vecchi, Corrado; Scherer, Matthias - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432073

Mitigating moral hazard in insurance contracts using risk preference design

Liu, Shutian; Zhu, Quanyan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432303

Can multi-peril insurance policies mitigate adverse selection?

Zweifel, Peter; Hofmann, Annette - 2024

The objective of this paper is to pursue an intuitive idea: for a consumer who represents an "unfavorable" health risk but an "excellent risk" as a driver, a multi-peril policy could be associated with a reduced selection effort on the part of the insurer. If this intuition should be confirmed,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014636696

Optimal insurance deductibles under limited information

Fey, Jan-Christian; Schmeiser, Hato; Schreiber, Florian - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014552900

Mutual insurance in the village and beyond

Bell, Clive; Gersbach, Hans; Haller, Hans - 2024

When formal insurance is unavailable, mutual insurance among households can serve as an alternative. This paper analyzes a game between economic agents facing uncertainty and maximizing discounted utility without enforceable contracts or access to capital markets. While autarky is always a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015084073

Workers' moral hazard and private insurer effort in disability insurance

Koning, Pierre; Lent, Max van - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015121219

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Workers' moral hazard and private insurer effort in disability insurance

Koning, Pierre; Lent, Max van - 2024

Book / Working Paper

Risk sharing in equity-linked insurance products : Stackelberg equilibrium between an insurer and a reinsurer

Havrylenko, Yevhen; Hinken, Maria; Zagst, Rudi - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014485603

Developments in risk and insurance economics : the past 50 years

Loubergé, Henri; Dionne, Georges - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015184986

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Developments in risk and insurance economics : the past 50 years

Loubergé, Henri; Dionne, Georges - 2024

Book / Working Paper

Developments in risk and insurance economics : the past 50 years

Loubergé, Henri; Dionne, Georges - 2024

Book / Working Paper

Ambiguity attitudes and demand for weather index insurance with and without a credit bundle : experimental evidence from Kenya

Cecchi, Francesco; Lensink, Robert; Slingerland, Edwin - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014526469

Strategic underreporting and optimal deductible insurance

Cao, Jingyi; Li, Dongchen; Young, Virginia R.; Zou, Bin - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015154574

Mitigating moral hazard with usage-based insurance

Holzapfel, Julia; Peter, Richard; Richter, Andreas - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015121207

Arbitration between insurance and self-insurance against natural risks

Zerbo, Guibri - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015095350

Mitigating optimistic bias in entropic risk estimation and optimization with an application to insurance

Sadana, Utsav; Delage, Erick; Georghiou, Angelos - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015190378

Multiple agricultural risks and insurance : issues, perspectives, and illustration for wine-growing

Aubert, Cécile; Raineau, Yann; Raynal, Marc; Pasquier, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193893

Life-cycle wealth accumulation and consumption insurance

Campanale, Claudio; Sartarelli, Marcello - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014558691

Insurer Risk and Public Risk-Sharing : Quantifying the Value of Reinsurance

Kim, Paul H.S-; Li, Anran - 2026

We study the role of public risk-sharing in markets where firms face substantial cost uncertainty, focusing on public reinsurance in health insurance. We develop a model where insurers internalize cost uncertainty through risk charges that raise effective marginal costs, and create a role for...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654046

Insurance with Multiple Actors

Abaluck, Jason; Sarig, Oren; Song, Jintaek - 2026

We analyze how social-planner insurers split cost-sharing between consumers and firms (e.g. patients and doctors, or drivers and car mechanics). With no contracting frictions, firm cost-sharing can replace consumer cost-sharing other than "visit copays." Optimal firm contracts depend on the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671192

Probability weighting and insurance demand in a unified framework

Jaspersen, Johannes G.; Peter, Richard; Ragin, Marc A. - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013556551

Insurance Contracting with Adverse Selection and Moral Hazard

Lee, Hongbok; Yan, Zhiqiang - 2023

Most of the previous research in the asymmetric information problem treats adverse selection and moral hazard separately, though they may coexist and interact with each other. We build a principal-agent model to examine optimal contracts in a competitive insurance market facing adverse selection...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014257388

Risk Sharing in Blockchain-Based Insurance with Costs

Zhuang, Ertan; Chang, Yuan; Feng, Tianchi; Wei, Xianhua; … - 2023

This study investigates the risk allocation problem of distributed insurance based on blockchain technology in the presence of costs. Blockchain technology changes traditional insurance companies, who no longer bear the risks of policyholders. Instead, they build platforms to connect...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014347629

Pricing reinsurance and determining optimal retention based on the criterion of maximizing social expected utility

Mao, Hong; Ostaszewski, Krzysztof M. - 2023

Purpose The authors consider the mutual benefits of the ceding company and reinsurance company in the design of reinsurance contracts. Two objective functions to maximize social expected utilities are established, which are to maximize the sum of the expected utilities of both the ceding company...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014507366

Optimal insurance : dual utility, random losses, and adverse selection

Gershkov, Alex; Moldovanu, Benny; Strack, Philipp; … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014483377

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Optimal insurance : dual utility, random losses and adverse selection

Gershkov, Alex; Moldovanu, Benny; Strack, Philipp; … - 2023 - (updated Version)

Edition: (updated Version)

Book / Working Paper

Optimal Insurance : Dual Utility, Random Losses and Adverse Selection

Gershkov, Alex; Moldovanu, Benny; Strack, Philipp; … - 2022

Book / Working Paper

Whoops! It happened again : demand for insurance that covers multiple risks

Hong, Liang; Schlesinger, Harris; Zhuang, Boyi - 2023

This article studies insurance demand in a two-period framework in which an individual faces risks in both current and future periods. Models for insurance with and without the presence of endogenous saving are both discussed. In contrast to what most literature suggests, when decisions on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014303780

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Whoops! It Happened Again. Demand for Insurance that Covers Multiple Risks

Hong, Liang - 2020

Book / Working Paper

Moral-hazard-free insurance : mean-variance premium principle and rank-dependent utility theory

Xu, Zuo Quan - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014336334

Essays on insurance economics

Ghavibazoo, Omid - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014289277

The possibilities and limits of insurance as governance in insuring pandemics

He, Qihao; Faure, Michael G.; Liu, Chengwei - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014326520

Some optimisation problems in insurance with a terminal distribution constraint

Colaneri, Katia; Eisenberg, Julia; Salterini, Benedetta - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014383890

Optimal Risk Pooling of Peer-to-Peer Insurance

Chen, Ze; Feng, Runhuan; Hu, Wentao; Mao, Yu - 2023

Peer-to-peer insurance models combine insurer's underwriting with peers' risk sharing. This paper presents a mathematical formulation of two emerging peer-to-peer insurance models: the individual-covered model and the group-covered model, and establishes their equivalence for a homogeneous...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014344008

Insurance demand in the presence of loss-dependent background risk

Hinck, Sebastian; Steinorth, Petra - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014443641

Mitigating Adverse Selection Through Multi-Peril Insurance Policies

Zweifel, Peter; Hofmann, Annette - 2023

The objective of this paper is to pursue an intuitive idea: For a consumer who is an unfavorable health risk but a “better risk” regarding a second peril, would a multi-peril policy not be associated with a reduced selection effort on the part of the insurer? If this intuition should be...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014263331

Moral-Hazard-Free Optimal Insurance in Behavioral Finance Framework

Xu, Zuo Quan - 2023

This paper investigates Pareto optimal (PO, for short) insurance contracts in a behavioral finance framework, in which the insured evaluates contracts by the rank-dependent utility (RDU) theory and the insurer uses the expected value premium principle. The incentive compatibility constraint is...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014264317