We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …

We study a monopoly insurance model with endogenous information acquisition. Through a continuous e ort choice …

We study insurers’ behavior under monopoly and Cournot duopoly when they canaffect the probability or magnitude of harm … demandfunction determine whether Cournot duopolists increase risk more, or less, thana monopoly insurer or a collusive industry. When …

Auto insurance belongs to the most important areas of the insurance market from the quantitative point of view and … insurance, requires a high degree of regulation. Standard products, auto liability and collision insurance are following the … overall changes in insurance policies and are adjusting to the changing conditions. One of the major issues in the auto …

and economists, yet it has far-reaching implications for insurance law: loss-creation by uninsured parties caused by the … presence of insurance. Contrary to the conventional wisdom, we show that insurance can create significant negative … insureds or insurers. Moreover, as the amount and scope of insurance grows, so does its distortionary effect on third parties …