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Can social media reliably estimate unemployment? [PDF]

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Insurance Market Failures

Encyclopedia of Law and Economics, 2017
Insurance market is characterized by failures that impose particular negative consequences; given the failures, different remedies may improve the market outcome. On one hand, the insurance market is characterized by asym- metric information, i.e. moral hazard and adverse selection, and to correct the conse- quent severe market failures, monitoring and
Donatella Porrini
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Market Insurance, Self-Insurance, and Self-Protection

Journal of Political Economy, 1972
The article develops a theory of demand for insurance that emphasizes the interaction between market insurance, “self-insurance,” and “self-protection.” The effects of changes in “prices,” income, and other variables on the demand for these alternative forms of insurance are alalyzed using the “state preference” approach to behavior under uncertainty ...
Ehrlich, Isaac, Becker, Gary S
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