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Risky Business: Why Insurance Markets Fail and What to Do About It

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An engaging and accessible examination of what ails insurance markets—and what to do about it—by three leading economists

“The authors . . . do a masterful job of explaining the intractable complexities created by this socially vital activity.”—Martin Wolf, Financial Times, “Best Books of 2022: Economics”


Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insuran...