We consider an oligopoly of firms that compete on price. Firms produce a non-stochastic output, insurance coverage … choice on the market. We discuss the model with regard to insurance industry specificity and regulation. …

The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of insurance companies … and more precisely to study in which situations an insurance company can enter a market controlled by mutual arrangements …. Our approach differs from the existing literature as we integrate the investment choices of the insurance company and the …

The present research relaxes three of the usual assumptions made in the insurance literature. It is assumed that (1 … monopolistic. In this context, the article analyses two models of natural catastrophe insurance: a model of insurance with limited … insurance industry is characterized by economies of scale. The government should consequently encourage the emergence of a …

withdraw money from the associated account. As for many insurance contracts, the price of variable annuities consists in a fee …

This paper analyzes the efficient design of insurance schemes in the presence of aggregate shocks and moral hazard. The … identical but are subject to idiosyncratic shocks. Without moral hazard, optimality requires (1) full insurance against … conflicts with the full insurance of idiosyncratic shocks. In particular, how is the sharing of macro-economic risks across …

model to highlight how liquidity and insurance constraints respond differently to the time profile of expected cash …

This paper focusses on the insurance role of religion in buffering the well-being impact of stressful life events, and … religious unemployed are less likely to be actively looking for work). In panel data, as implied by insurance, the religious … have less variation in life satisfaction. Last, we suggest that religion's insurance role might be reflected in support for …

We consider a competitive insurance market in which agents can privately enter into multicontractual insurance … relationships and undertake hidden actions. We study the existence of linear equilibria when insurance companies do not have any … types of linear equilibria could exist: A first one in which insurance companies make zero expected profits, and a second …