equity premium and longevity insurance in her retirement portfolio. Even without bequests, she will not fully annuitize …

with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for …

Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders … necessary for a stock insurer to offer insurance at a fair premium, but not for a mutual. In the presence of an ownermanager …

We analyse a 2-period competitive insurance market which is characterized by the simultaneous presence of standard … which patient consumers use high effort and buy a profit-making insurance contract with high coverage, whereas impatient …

with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for …

Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders … necessary for a stock insurer to offer insurance at a fair premium, but not for a mutual. In the presence of an ownermanager …

Insurance contracts are often complex and difficult to verify outside the insurance relation. We show that standard one …-period insurance policies with an upper limit and a deductible are the optimal incentive-compatible contracts in a competitive market … with repeated interaction. Optimal group insurance policies involve a joint upper limit but individual deductibles and …

insurance sector can cause the current value of banks assets to be less than the current value of their liabilities so the banks …

How do markets spread risk when events are unknown or unknowable and where not anticipated in an insurance contract …