One unusual feature of the U.S. property-casualty insurance industry is the coexistence of stock and mutual companies … insurance companies respond to differences in their underwriting environment. Agency theories suggest that the stock company may …' performance, by state and by line, in eight different lines of insurance. Stock companies are more likely than mutuals to reduce …

Care Act (ACA)'s Health Insurance Marketplaces. The RC program, which was defunded ahead of coverage year 2016, and ended … defunding, had greater premium increases in 2017, after the program ended. Insurance markets in which more insurers made RC …

This paper examines the existence and nature of competitive equilibrium with moral hazard. The more insurance an … individual has, the less care will he take. Consequently, insurance firms attempt to restrict their clients' aggregate insurance … purchases. If individuals' aggregate insurance purchases are observable, each firm will ration the amount of insurance its …

A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is … insurance a la Akerlof (1970), Pauly (1974) and Rothschild and Stiglitz (1976) where consumers have one … in a negative correlation in equilibrium between insurance coverage and ex post realization of risk. We show that if the …

insurance market), we study the impact of competition on premiums. We exploit variation in ratings-area-level competition …First-year insurer participation in the Health Insurance Marketplaces (HIMs) established by the Affordable Care Act is … participated. If all insurers active in each state's individual insurance market in 2011 had participated in all ratings areas in …

evaluate the design of dynamic pricing regulations in the U.S. long-term care insurance (LTCI) market. We find that stricter …

Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent … expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non … effects are due to increased competition for local resources …