Equilibrium in an Insurance Market with Imperfect Information and Transaction Costs
Author: Wenjiu Liu
Publisher:
Published: 2001
Total Pages: 108
ISBN-13:
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Equilibrium in Competitive Insurance Markets: an Essay on the Economics of Imperfect Information
Author: Stanford University. Institute for Mathematical Studies in the Social Sciences
Publisher:
Published: 1975
Total Pages: 62
ISBN-13:
DOWNLOAD EBOOKFoundations of Insurance Economics
Author: Georges Dionne
Publisher: Springer Science & Business Media
Published: 1992
Total Pages: 748
ISBN-13: 0792392043
DOWNLOAD EBOOKEconomic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s. Our main objective in compiling this volume was to achieve a wider dissemination of key papers in this literature. Their significance is highlighted in the introduction, which surveys major areas in insurance economics. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those who desire to conduct research and teach in the field. In particular, we hope that this compilation and our introduction will be useful to graduate students and to researchers in economics, finance, and insurance. Our criteria for selecting articles included significance, representativeness, pedagogical value, and our desire to include theoretical and empirical work. While the focus of the applied papers is on property-liability insurance, they illustrate issues, concepts, and methods that are applicable in many areas of insurance. The S. S. Huebner Foundation for Insurance Education at the University of Pennsylvania's Wharton School made this book possible by financing publication costs. We are grateful for this assistance and to J. David Cummins, Executive Director of the Foundation, for his efforts and helpful advice on the contents. We also wish to thank all of the authors and editors who provided permission to reprint articles and our respective institutions for technical and financial support.
Moral Hazard in Health Insurance
Author: Amy Finkelstein
Publisher: Columbia University Press
Published: 2014-12-02
Total Pages: 161
ISBN-13: 0231538685
DOWNLOAD EBOOKAddressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice
Automobile Insurance: Road Safety, New Drivers, Risks, Insurance Fraud and Regulation
Author: Georges Dionne
Publisher: Springer Science & Business Media
Published: 1999
Total Pages: 388
ISBN-13: 9780792383949
DOWNLOAD EBOOKMotor vehicle accidents are still a leading cause of death, even if the trend has somewhat declined over the past 20 years. Indeed, motor vehicle accidents are a significant cause of death in comparison with air and space transport accidents, homicides and even HIV infections, causes which are more often highlighted in the media. As shown in this book, motor vehicle accidents are particularly damaging to very young drivers. The assessment of driving risks is a common concern for road transportation safety and the automobile insurance industry. In both cases, there is an awareness of the great losses resulting from the deaths, injuries and property damage caused by traffic accidents. Research is essential to counteract this public health threat, to assess the success or failure of countermeasures, and to solve the problems it generates in the insurance industry. This book is for people concerned about road crashes (prevention and compensation) and about the insurance problems they pose - namely private and public institutional authorities, consultants, administrators, practitioners, and researchers interested in sharing the authors' experience in this domain. The book presents original contributions related to motor vehicle insurance and road safety. All papers have been evaluated by external referees. Four subjects are covered: 1) Automobile Insurance Pricing, Risks and Asymmetric Information; 2) Insurance Fraud; 3) Young Drivers: Licensing Policies, Evaluation and Risks; and 4) Road Insurance Regulation.
Risk, Information and Insurance
Author: Henri Loubergé
Publisher: Springer Science & Business Media
Published: 1990-01-31
Total Pages: 294
ISBN-13: 9780792390411
DOWNLOAD EBOOKOrio Giarini The "Geneva Association" (International Association for the Study of Risk and Insurance Economics) was founded in 1973. The main goal was to stimulate and organize objective research in the field of risk, uncertainty, and insurance, in a world in which such issues were clearly becoming of greater and greater relevance for all economic actors. This was a pioneer ing effort, especially as economic theory and the teaching of economics were still anchored to the key notion of general equilibrium under an assumption of certainty. Thus, we had to start our work almost from scratch. One of the first initiatives was to bring together in Geneva, in June of 1973, all the academics in Europe already involved in risk and insurance economics. We found eight from five different countries who never had met before. This seminar chaired by Raymond Barre, the first president of The Geneva Association, was the first of an annual series that became known as the seminar of "The European Group of Risk and Insurance Economists." Since then more than 100 economists from most European countries as well as participants from two other continents and in particular from the United States have taken part in this seminar.
The Economics of Imperfect Information
Author: Louis Phlips
Publisher: Cambridge University Press
Published: 1988
Total Pages: 302
ISBN-13: 9780521313810
DOWNLOAD EBOOKThis book provides a systematic presentation of new microeconomic theories of imperfect information.
How Adverse Selection Affects the Health Insurance Market
Author: Paolo Belli
Publisher: World Bank Publications
Published: 2001
Total Pages: 38
ISBN-13:
DOWNLOAD EBOOKThere may be a price to pay (in terms of inefficient coverage) if competition among health insurers is encouraged as a way to give patients greater choice and to achieve better control over insurance providers.
Insurance and Behavioral Economics
Author: Howard C. Kunreuther
Publisher: Cambridge University Press
Published: 2013-01-28
Total Pages: 343
ISBN-13: 0521845726
DOWNLOAD EBOOKThis book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Selected Works of Joseph E. Stiglitz
Author: Joseph E. Stiglitz
Publisher: Oxford University Press
Published: 2009
Total Pages: 767
ISBN-13: 0199533709
DOWNLOAD EBOOKThe first in a series of six volumes containing a selection of Joseph Stiglitz's most important and widely cited work, this volume includes a number of seminal papers on the economics of information. The volume contains substantial additional original commentary by Joseph Stiglitz on his work and the field more generally.
