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Competitive Insurance Markets Under Adverse Selection and Capacity Constraints

Competitive Insurance Markets Under Adverse Selection and Capacity Constraints PDF Author: Roman Inderst
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 36

Book Description


Competitive Insurance Markets Under Adverse Selection and Capacity Constraints

Competitive Insurance Markets Under Adverse Selection and Capacity Constraints PDF Author: Roman Inderst
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 36

Book Description


Handbook of Insurance

Handbook of Insurance PDF Author: Georges Dionne
Publisher: Springer Science & Business Media
ISBN: 1461401550
Category : Business & Economics
Languages : en
Pages : 1133

Book Description
This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.

The Microeconomics of Insurance

The Microeconomics of Insurance PDF Author: Ray Rees
Publisher: Now Publishers Inc
ISBN: 1601981082
Category : Business & Economics
Languages : en
Pages : 178

Book Description
In this relatively short survey, we present the core elements of the microeconomic analysis of insurance markets at a level suitable for senior undergraduate and graduate economics students. The aim of this analysis is to understand how insurance markets work, what their fundamental economic functions are, and how efficiently they may be expected to carry these out.

Handbook of Labor Economics

Handbook of Labor Economics PDF Author: Orley Ashenfelter
Publisher: Elsevier
ISBN: 0444534512
Category : Social Science
Languages : en
Pages : 862

Book Description
What new tools and models are enriching labor economics?Developments in Research Methods and their Application, Volume 4A summarizes recent advances in the ways economists study wages, employment, and labor markets. Mixing conceptual models and empirical work, contributors cover subjects as diverse as field and laboratory experiments, program evaluation, and behavioral models. The combinations of these improved empirical findings with new models reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. - Investigates recent advances in methods and models used in labor economics - Demonstrates what these new tools and techniques can accomplish - Documents how conceptual models and empirical work explain important practical issues

Ibss: Economics: 2001

Ibss: Economics: 2001 PDF Author: Compiled by the British Library of Political and Economic Science
Publisher: Psychology Press
ISBN: 9780415284011
Category : Economics
Languages : en
Pages : 708

Book Description
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.

Selected Works of Joseph E. Stiglitz

Selected Works of Joseph E. Stiglitz PDF Author: Joseph E. Stiglitz
Publisher: Oxford University Press
ISBN: 0199533709
Category : Business & Economics
Languages : en
Pages : 767

Book Description
The 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.

The Economic Theory of Annuities

The Economic Theory of Annuities PDF Author: Eytan Sheshinski
Publisher: Princeton University Press
ISBN: 1400829429
Category : Business & Economics
Languages : en
Pages : 184

Book Description
Annuities are financial products that guarantee the holder a fixed return so long as the holder remains alive, thereby providing insurance against lifetime uncertainty. The terms of these contracts depend on the information available to insurance firms. Unlike age and gender, information about individual survival probabilities cannot be readily ascertained. This asymmetric information causes market inefficiencies, such as adverse selection. Groundbreaking in its scope, The Economic Theory of Annuities offers readers a theoretical analysis of the functioning of private annuity markets. Starting with a general analysis of survival functions, stochastic dominance, and characterization of changes in longevity, Eytan Sheshinski derives the demand for annuities using a model of individuals who jointly choose their lifetime consumption and retirement age. The relation between life insurance and annuities that have a bequest option is examined and "annuity options" are proposed as a response to the lack of secondary markets. This book also investigates the macroeconomic policy implications of annuities and changes in longevity on aggregate savings. Sheshinski utilizes statistical population theory to shed light on the debate of whether the surge in savings and growth in Asia and other countries can be attributed to higher longevity of the population and whether this surge is durable. This book shows how understanding annuities becomes essential as governments that grapple with insolvency of public social security systems place greater emphasis on individual savings accounts.

Moral Hazard in Health Insurance

Moral Hazard in Health Insurance PDF Author: Amy Finkelstein
Publisher: Columbia University Press
ISBN: 0231538685
Category : Medical
Languages : en
Pages : 161

Book Description
Addressing 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

Intermediate Microeconomics

Intermediate Microeconomics PDF Author: Patrick M. Emerson
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :

Book Description


Earth's Natural Hazards

Earth's Natural Hazards PDF Author: Ingrid A. Ukstins
Publisher:
ISBN: 9781792461804
Category :
Languages : en
Pages : 277

Book Description
OUR PLANET IS A DYNAMIC PLACE There are numerous recent geological occurrences of life-changing events: earthquakes in Japan and the southwestern Pacific Ocean, the tsunami in South Asia, hurricanes in the Atlantic Ocean and typhoons in the Pacific, widespread flooding in the Midwest, as well as wildfires in California to name a few. Earth's Natural Hazards: Understanding Natural Disasters%Catastrophes will help students understand the geologic background of these life-changing events and the dynamic and sometimes interrelated nature, of the Earth's geologic processes. This book goes beyond the geologic aspect of the disasters and discusses the human impact, climate change, and biological hazards that often result from major life-changing events. Earth's Natural Hazards features: a full-color text with photos, graphs, and maps to help illustrate the broad range of natural disasters that are discussed. Questions for Thought at the end of each chapter. several web sites that serve as additional resources. brief lists of selected references and reading material. a discussion of objects from outer space which provides information about hazards that are extraterrestrial.