Handbook of Insurance
edited by Georges Dionne
| Year of publication: |
2013 ; 2nd ed. 2014
|
|---|---|
| Authors: | Dionne, Georges |
| Publisher: |
New York, NY [u.a.] : Springer |
| Subject: | Kanada | Canada | Theorie | Theory | Versicherungsökonomik | Economics of insurance | Versicherungswissenschaft | Insurance theory | Versicherung | Wirtschaftstheorie | Versicherungswirtschaft |
| Description of contents: | Abstract [springer.com] ; Description [swbplus.bsz-bw.de] ; Description [zbmath.org] |
| Extent: | Online-Ressource (XXVI, 1126 p. 142 illus., 33 illus. in color, online resource) |
|---|---|
| Series: | |
| Type of publication: | Book / Working Paper |
| Type of publication (narrower categories): | Aufsatzsammlung |
| Language: | English |
| Notes: | Description based upon print version of record Preface; Contents; Contributors; Referees; Introduction; 1 Developments in Risk and Insurance Economics: The Past 40 Years; 1.1 Introduction; 1.2 Insurance Economics in 1973; 1.2.1 Borch1962a (Borch1962a); 1.2.2 Arrow1963a (Arrow1963a); 1.2.3 Mossin1968a (Mossin1968a); 1.2.4 Ehrlich1972 (Ehrlich1972); 1.2.5 Joskow1973 (Joskow1973); 1.3 Developments: Optimal Insurance and Protection; 1.3.1 The Demand for Insurance; 1.3.2 Insurance, Consumption, and Saving; 1.3.3 Self-protection and Self-insurance; 1.3.4 The Demand for Liability Insurance; 1.3.5 Other Contributions 1.4 Developments: Markets Under Asymmetric Information1.4.1 Moral Hazard; 1.4.2 Adverse Selection; 1.4.3 Moral Hazard and Adverse Selection; 1.5 Developments: Insurance Market Structure; 1.6 New Approaches: Finance and Insurance; 1.6.1 Portfolio Theory and the CAPM; 1.6.2 Option Pricing Theory; 1.6.3 Insurance and Corporate Finance; 1.6.4 Insurance and Financial Markets; 1.7 Conclusion; References; 2 Higher-Order Risk Attitudes; 2.1 Introduction; 2.2 Higher-Order Attitudes as Risk Apportionment; 2.3 Risk Attitudes and Expected Utility; 2.4 Pairing Good Outcomes with Bad Ones 2.5 Precautionary Motives2.6 Multivariate Preferences; 2.7 Multiplicative Risks; 2.8 Concluding Remarks; References; 3 Non-Expected Utility and the Robustness of the Classical Insurance Paradigm; 3.1 Introduction; 3.2 Non-expected Utility Preferences and Generalized Expected Utility Analysis; 3.2.1 Graphical Depictions of Non-expected Utility Preferences; 3.2.2 Algebraic Analysis of Non-expected Utility Preferences; 3.3 Individual Demand for Insurance; 3.3.1 Demand for Coinsurance; 3.3.1.1 Demand for Deductible Insurance; 3.4 Pareto-Efficient Bilateral Insurance Contracts 3.5 Pareto-Efficient Multilateral Risk Sharing3.6 Self-Insurance versus Self-Protection; 3.7 Outcome Kinks and First-Order Risk Aversion; 3.8 RankDependent Risk Preferences; 3.9 Insurance as a Source of Nonexpected Utility Preferences; 3.10 Insurance in the Presence of Ambiguity and Ambiguity Aversion; 3.11 Conclusion; References; 4 The Economics of Optimal Insurance Design; 4.1 Introduction; 4.2 The Basic Framework; 4.2.1 The Model; 4.2.2 The Concepts of Risk Aversion; 4.2.3 On the Optimality of Partial Insurance; 4.3 The Case of Linear Transaction Costs 4.3.1 Deterministic Indemnity Schedule4.3.2 Optimality of a Deductible Policy; 4.3.3 Optimal Deductible; 4.4 Nonlinear Transaction Costs; 4.4.1 Stochastic Indemnity Schedule; 4.4.2 No Overinsurance; 4.4.3 Optimal Design of the Indemnity Schedule; 4.5 Other Reasons for Partial Insurance; 4.5.1 Errors in Observation; 4.5.2 Risk Aversion of the Insurer; 4.5.3 Heterogeneity and Ambiguity of Beliefs; 4.6 Conclusion; References; 5 The Effects of Changes in Risk on Risk Taking: A Survey; 5.1 Introduction; 5.2 A Simple Model; 5.3 Detrimental Changes in Risk; 5.3.1 First-Order Stochastic Dominance 5.3.2 Second-Order Stochastic Dominance PrefaceIntroduction -- Part 1: History -- Developments in Risk and Insurance Economics: the Past 40 Years -- Part 2 : Risk and Insurance Theory Without Information Problems -- Higher-Order Risk Attitudes -- Non-Expected Utility and the Robustness of the Classical Insurance Paradigm -- The Economics of Optimal Insurance Design -- The Effects of Changes in Risk on Risk Taking: A Survey -- Risk Measures and Dependence Modeling -- The Theory of Insurance Demand.-Prevention and Precaution -- Part 3 : Asymmetric Information: Theory -- Optimal Insurance Contracts under Moral Hazard -- Adverse Selection in Insurance Contracting -- The Theory of Risk Classification -- The Economics of Liability Insurance -- Economic Analysis of Insurance Fraud -- Part 4: Asymmetric Information: Empirical Analysis -- Asymmetric Information in Insurance Markets: Predictions and Tests -- The Empirical Measure of Information Problems with Emphasis on Insurance Fraud and Dynamic Data -- Workers’ Compensation: Occupational Injury Insurance’s Influence on the Workplace -- Experience Rating in Non-Life Insurance -- Part 5 : Risk Management -- On the Demand for Corporate Insurance - Creating Value -- Managing Catastrophic Risks through Redesigned Insurance: Challenges and Opportunities -- Innovations in Insurance Markets: Hybrid and Securitized Risk-Transfer Solutions -- Risk Sharing and Pricing in the Reinsurance Market -- Part 6 : Insurance Pricing -- Financial Pricing of Insurance -- Insurance Price Volatility and Underwriting Cycles -- Part 7 : Industrial Organization of Insurance Markets -- On the Choice of Organizational Form: Theory and Evidence from the Insurance Industry -- Insurance Distribution -- Corporate Governance in the Insurance Industry: A Synthesis -- Systemic Risk and the Insurance Industry -- Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods -- Capital Allocation and its Discontents -- Capital and Risks Interrelationships in the Life and Health Insurance Industries: Theories and Applications -- Insurance Market Regulation: Catastrophe Risk, Competition, and Systemic Risk -- Insurance Markets in Developing Countries: Economic Importance and Retention Capacity -- Part 8: Health and Long-Term Care Insurance, Longevity Risk, Life Insurance, and Social Insurance -- Health Insurance in the United States -- Longevity Risk and Hedging Solutions -- Long-Term Care Insurance -- New Life Insurance Financial Products -- The Division of Labor Between Private and Social Insurance. |
| ISBN: | 978-1-4614-0155-1 ; 978-1-4614-0154-4 |
| Other identifiers: | 10.1007/978-1-4614-0155-1 [DOI] |
| Classification: | Wahrscheinlichkeitsrechnung ; Banken, Versicherungen |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014017244