Results 321 to 330 of about 1,036,032 (343)

Insurance Markets for the Elderly [PDF]

open access: possible, 2016
Abstract We describe the risks faced by the aging population and survey the corresponding insurance markets for these risks. We focus on income risk, health expenditure risk, long-term care expenditure risk, and mortality risk. We also discuss the interactions between social insurance and private insurance markets.
Hanming Fang, Hanming Fang, Hanming Fang
openaire   +2 more sources

Experimental markets for insurance

Journal of Risk and Uncertainty, 1989
This article extends the large amount of research on double-oral auction markets to hazards that produce only losses. We report results from a series of experiments in which subjects endowed with low-probability losses can pay a premium for insurance protection.
Camerer, Colin, Kunreuther, Howard
openaire   +3 more sources

Arbitrage and Viability in Insurance Markets [PDF]

open access: possibleThe Geneva Papers on Risk and Insurance Theory, 2000
Insurance markets are subject to transaction costs and constraints on portfolio holdings. Therefore, unlike the frictionless asset markets case, viability is not equivalent to absence of arbitrage possibilities. We use the concept of unbounded arbitrage to characterize viable prices on a complete and an incomplete insurance market.
openaire   +3 more sources

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 ...
Isaac Ehrlich   +2 more
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Market Power in Health Insurance, Effects on Insurance and Medical Markets

The Journal of Industrial Economics, 1979
THE private health insurance industry is large and important. As discussed by Karen Davis [2], it figures prominently in several plans for national health insurance. However, very little is known about the degree of competition in that industry or the effect that competition has on insurance and medical markets.
openaire   +2 more sources

Market insurance, social insurance, and education

Journal of Population Economics, 1995
We show that social disability insurance may better society-wide welfare even when there is a perfect private market for similar insurance. In essence, the public system complements the private. The latter cover risks when personal characteristics are known, whereas the first mitigates effects of unfavorable characteristics.
Alf Erling Risa, Sjur Didrik Flåm
openaire   +2 more sources

Insurance Market Failures

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
openaire   +1 more source

International Insurance Markets

Revue d'économie financière (English ed.), 2000
In the insurance sector, competition has greatly increased as well, but this point is too often overlooked. London seems threatened by new centres, like the Bermuds.
openaire   +3 more sources

The Insurance Market

1997
During the eighteenth century, insurance was regarded as a form of gambling. In Britain, wagers on birth, marriage and death was controlled by the Gambling Act of 1774 and the Annuity Act of 1777. Also, it was not clearly understood that different forms of insurance have different special features and that the nature of their markets also vary ...
openaire   +2 more sources

The Insurability and Marketability of Risk [PDF]

open access: possible, 1997
While it may seem quite obvious, insurance is only a viable solution for those risks that are insurable and that yield insurance products that are marketable. What makes a risk insurable and an insurance product marketable? Insurable means that an insurance company can set a premium that accurately reflects the applicable risk.
Paul K. Freeman, Howard Kunreuther
openaire   +1 more source

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