This paper exhibits dynamic features of insurance contracts in the empirical analysis of moral hazard. We first show … with the number of past claims. We then show that dynamic insurance data allow to distinguish this moral-hazard effect from … evidence of moral hazard in French car insurance. Our analysis contributes to a recent literature based on static data that has …

the insurance market. The model is consistent with the observation that insurers use credit scores to predict the … likelihood of a person filing insurance claims. …

of consumption insurance. When all agents are identical ex ante and there are complete contingent claims, then full … insurance can be achieved. Simple frictions, such as exogenous and endogenous borrowing constraints, liquidity constraints, or … one-sided commitment, lead to partial insurance, implying richer dynamics for wealth accumulation and prices, and can …