This paper extends existing insurance results on the type of insurance contracts needed for insurance market efficiency … standard insurance contracts (together with aggregate assets) suffice to complete markets or one needs to introduce such assets … as mutual insurance. …

elementary, everyday introduction to the concepts of risk and insurance. Conceptually, risk has two dimensions: a potential loss …, and the chance of that loss being realized. People can, however, transfer risk to insurance companies against the payment … whether premiums are appropriate. For many risks, this poses little problem (e.g., life insurance); however, it is difficult …

information: agents may optimally prefer to purchase full insurance despite the presence of unfairly priced insurance contracts …, and other assets which are correlated with insurance. Asymmetric information has a Hirschleifer-type effect which can be …This paper extends previous resuls on optimal insurance trading in the presence of a stock market that allows …

signaling into general equilibrium. By recasting the Rothschild-Stiglitz model of insurance in this framework, they find that a …

allocations by trading in a few natural securities: private insurance contracts and a common set of derivatives on the aggregate …

We study how gender differences in performance under competition are affected by the provision of information regarding … reinforced when explicitly mentioning gender in tasks in which women already consider they are inferior. Omitting information …

political economy context, voters have strict incentives to shield themselves from information. In settings with other …