the one hand, as wage uncertainty rises, so does the cost associated with missing insurance markets. On the other hand …

This paper considers a housing insurance market in which buildings have different damage probabilities. Insurers use … imperfect tests to find out about buildings’ damage types. The insurance market is a natural monopoly. If more than one insurer …. First we show that the natural insurance monopoly need not be sustainable. Then we show that in the equilibrium industry …

Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are … casualty insurance increases with earnings uncertainty. This finding is consistent with consumer preferences being …

paper explores the possibility that monopoly unions provide income insurance against idiosyncratic wage variability. An …

This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance … conventional demand analysis rather than reduced form imputation procedures. Our results point to some partial insurance but reject …

The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In … principal-agent models with moral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level … overall earnings variability, the remainder originating in idiosyncratic shocks. Finally, we show that the amount of insurance …

extant research on consumption insurance find that people face substantial risks that they do not fairly pool. In theory, the …

The consequences of business cycle contingencies in unemployment insurance systems are considered in a search …-matching model allowing for shifts between "good" and "bad" states of nature. We show that not only is there an insurance argument …

contracts. We then apply our results to insurance, managerial incentive pay and corporate governance. …