Foundations of Insurance Economics: Readings in Economics and FinanceGeorges Dionne, Scott E. Harrington Springer Science & Business Media, 1992 - 728 halaman Economic 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. |
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... Arrow 206 220 Equilibrium in a Reinsurance Market Karl Borch 230 The Design of an Optimal Insurance Policy Artur Raviv 251 Risk Aversion and the Negotiation of Insurance Contracts Richard E. Kihlstrom and Alvin E. Roth 264 5 Moral ...
... Arrow 206 220 Equilibrium in a Reinsurance Market Karl Borch 230 The Design of an Optimal Insurance Policy Artur Raviv 251 Risk Aversion and the Negotiation of Insurance Contracts Richard E. Kihlstrom and Alvin E. Roth 264 5 Moral ...
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Isi
Insurance Risk and Resource Allocation | 35 |
Problems Solved and Unsolved | 43 |
Risk Aversion in the Small and in the Large | 81 |
A Definition | 99 |
Aspects of Rational Insurance Purchasing | 118 |
An Overview | 134 |
The Interdependence of Individual Portfolio Decisions | 154 |
On the Corporate Demand for Insurance | 190 |
An Essay | 355 |
Adverse Selection and Repeated Insurance Contracts | 406 |
An Insurance | 424 |
Keith J Crocker and Arthur Snow | 444 |
Cartels Competition and Regulation in the PropertyLiability | 468 |
A Note on the Relative Efficiency of PropertyLiability | 521 |
Insurance Pricing | 560 |
RiskBased Premiums for Insurance Guaranty Funds | 592 |
Kenneth J Arrow | 220 |
The Design of an Optimal Insurance Policy | 251 |
Risk Aversion and the Negotiation of Insurance Contracts | 264 |
Moral Hazard | 280 |
An Analysis of the PrincipalAgent Problem | 302 |
The Judgment Proof Problem | 341 |
An International Analysis of Underwriting Cycles | 609 |
Prices and Profits in the Liability Insurance Market | 626 |
Jörg Finsinger and Mark V Pauly | 685 |
Solvency Regulation in the PropertyLiability Insurance | 705 |
A Note on the Impact of Auto Insurance Rate Regulation | 724 |
Edisi yang lain - Lihat semua
Foundations of Insurance Economics: Readings in Economics and Finance Georges Dionne,Scott E. Harrington Pratinjau terbatas - 2013 |
Foundations of Insurance Economics: Readings in Economics and Finance Georges Dionne,Scott E. Harrington Pratinjau tidak tersedia - 2010 |
Istilah dan frasa umum
accident actuarially fair adverse selection agent amount analysis Arrow assets assumed assumption behavior Borch choice choose claims coinsurance commodity competitive concave concave function consider constraint cost decision decreasing deductible defined demand for insurance Dionne distribution Doherty Econometrica effect equation equilibrium example expected utility expected utility hypothesis firm full coverage gambles implies income increase independent indifference curves individual individual's injurers insurance contracts insurance coverage insurance markets insurance policy Journal of Economics Journal of Risk liability insurance loss lotteries market insurance maximize moral hazard observed optimal incentive scheme optimal insurance outcome P₁ Pareto optimal portfolio preference probability problem proof Property-Liability Insurance Proposition random variable regulation reinsurance Risk and Insurance risk aversion risk neutral risk premium risky Section self-insurance self-protection Shavell solution stochastic dominance strictly Theorem Tversky U₁ uncertainty utility function wealth