and older consumers and men and women reveal strikingly different demand for health insurance, conditional on their … in their willingness-to-pay for insurance conditional on the insured losses they generate. Using administrative claims … data, I then show that this type of demand heterogeneity is empirically relevant in a consumer health plan setting. Younger …

Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we … insurance choices over different loss probabilities and prices. The insurance choices show coherence and some correlation with … various risk-attitude measures. Yet all the structural models predict insurance poorly, often less accurately than random …

demand is largely inelastic, e.g., automobile liability coverage, taxes do not affect self-insurance … positive relation between self-insurance and state taxes is detected, consistent with consumers opting to self-insure rather … approximately $140 million or 7.5 percent of current coverage. As expected, tax effects vary with the elasticity of demand. When …

the insurance cost explain between 34 and 37 percent of the relationship between the default and flood insurance demand … choices between alternatives. We study whether defaults can be used to increase insurance coverage against low …-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our …

Natural catastrophes often have catastrophic risks on insurance companies as well as on the insured. Using a very large … dataset on homeowners' insurance coverage by state, by firm, and by year for the 1984 to 2004 period, this paper documents the … "blockbuster catastrophes." Insurers adapt to these catastrophic risks by raising insurance rates, leading to lower loss ratios …

insurance regulatory bodies in charge of the liquidation process turn over an average of only 33 cents for each $1.00 of pre-insolvency …Why is the cost of resolving insurance company failures so high? Evidence in this paper suggests that the state …

State guaranty funds are quasi-governmental agencies that provide insurance to policyholders against the risk of … insurance company failure. But insurance provided by guaranty funds, like all insurance, creates moral hazard problems … insurance companies to borrow money (i.e., from policyholders). Moreover, the existence of guaranty fund insurance enables …

a laboratory experiment and through a field application …

We explore workers' valuation of job flexibility, using a field experiment conducted on a Chinese job board, as well as …

fairness. We corroborate the interpretation of our findings with a choice experiment of a costly decision to donate money to a …