Contributions to Insurance Economics / Edition 1

Contributions to Insurance Economics / Edition 1

by Georges Dionne
     
 

ISBN-10: 9048157889

ISBN-13: 9789048157884

Pub. Date: 12/06/2010

Publisher: Springer Netherlands

This book offers a basic reference, new material and teaching supplements to graduate students and researchers in economics, finance and insurance.
The book is divided into two main parts. Part I contains six survey articles on different subjects that represent significant developments over the past years: optimality of insurance contracting, liability

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Overview

This book offers a basic reference, new material and teaching supplements to graduate students and researchers in economics, finance and insurance.
The book is divided into two main parts. Part I contains six survey articles on different subjects that represent significant developments over the past years: optimality of insurance contracting, liability insurance, moral hazard, adverse selection, insurance pricing and econometric estimation of accident distributions. Part 2 extends the recent literature by presenting fourteen essays on different subjects of current research in: (a) the theory of insurance economics covering nonlinear expected utility, prudence, deviant beliefs, incomplete markets, increases in risk, ambiguity; (b) problems of information including moral hazard and competitive markets, adverse selection and probationary periods, incomplete information and risk categorization; and (c) empirical studies on workers' compensation, adverse selection and the effects of no-fault in automobile insurance. Each paper is presented with an abstract and keywords, and can be read independently of the other contributions in the volume.

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Product Details

ISBN-13:
9789048157884
Publisher:
Springer Netherlands
Publication date:
12/06/2010
Series:
Huebner International Series on Risk, Insurance and Economic Security, #13
Edition description:
Softcover reprint of hardcover 1st ed. 1992
Pages:
524
Product dimensions:
5.98(w) x 9.02(h) x 0.24(d)

Table of Contents

Preface. Introduction. Part I: Survey Articles. Economic Theory of Risk Exchanges: A Review; C. Gollier. The Demand and Supply of Liability Insurance; P.M. Danzon, S.E. Harrington. Moral Hazard and Insurance Contracts; R.A. Winter. Adverse Selection in Insurance Markets: A Selective Survey; G. Dionne, N. Doherty. Financial Pricing of Property and Liability Insurance; J.D. Cummins. Econometric Models of Accident Distributions; M. Boyer, G. Dionne, C. Vanasse. Part II: Essays. A. Theoretical Models. Optimal Insurance: A Non Expected Utility Analysis; E. Karni. Background Risk, Prudence and the Demand for Insurance; L. Eeckhoudt, M. Kimball. Optimum Insurance with Deviant Beliefs; J.M. Marshall. Increases in Risk and the Demand for Insurance; Y. Alarie, G. Dionne, L. Eeckhoudt. Crop Insurance in Incomplete Markets; B. Ramaswami, T.L. Roe. How Does Ambiguity Affect Insurance Decisions? H. Kunreuther, R.M. Hogarth. Moral Hazard and Competitive Insurance Markets; R.J. Arnott. Probationary Periods and Time-Dependent Deductibles in Insurance Markets with Adverse Selection; C. Fluet. Insurance Classifications and Social Welfare; S.A. Rea. B. Empirical Models. Social Insurance in Market Contexts: Implications of the Structure of Workers' Compensation for Job Safety and Wages; M.J. Moore, W.K. Viscusi. Testing for Asymmetric Information in Canadian Automobile Insurance; B. Dahlby. Incentive Effects of no Fault Automobile Insurance: Evidence from Insurance Claim Data; J.D. Cummins, M.A. Weiss. Measuring the Effects of the 1978 Quebec Automobile Insurance Act with the DRAG Model; M. Gaudry. Liability versus No-Fault Automobile Insurance Regimes: An Analysis of the Experience in Quebec; R.A. Devlin. Index.

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