Results 321 to 330 of about 1,036,032 (343)
Insurance Markets for the Elderly [PDF]
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
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Experimental markets for insurance
Journal of Risk and Uncertainty, 1989This 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
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Arbitrage and Viability in Insurance Markets [PDF]
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.
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Market Insurance, Self-Insurance, and Self-Protection
Journal of Political Economy, 1972The 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, 1979THE 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.
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Market insurance, social insurance, and education
Journal of Population Economics, 1995We 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
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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
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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.), 2000In 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.
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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 ...
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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 ...
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The Insurability and Marketability of Risk [PDF]
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
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