This paper uses longitudinal data to perform tests of asymmetric information in the French automobile insurance market …).We demonstrate that the result of the test depends crucially on how the dynamic process between insurance claims and contract choice … distinguish from adverse selection using a multivariate dynamic panel data model.Experience rating appears to lead high risk …

Nowadays many employers offer their employees the possibility of an insurance against too large losses in income when … atmost for the insurance. Since this is private information for an employee and hence not known to the employer, he needs to …

This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …

This paper shows how problems in `non life'-insurance and `non life'-reinsurance can be modelled simultaneously as … determined.It is shown that the core of the corresponding insurance games is nonempty.Moreover, it is shown that specific core …

We explore the role of firms in insuring risk-averse workers.As a device that allows workers to commit to the delivery … of their output, the firm arises endogenously as an alternative to the spot market if workers are suciently risk averse … contracts to crowd out implicit insurance provided by the firm, even though the latter yields higher welfare.We explain why …

banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank … allocation and optimal levels of bank risk and capitalization. These results are at variance with those obtained by a large … systemic risk in the economy. …

.The game theoretic solution predicts (assuming risk neutrality) that actors are willing to accept wages below their outside … actors have uncertain risk aversion.The parameters of the game are calibrated to match data on 99 movies for 1989 available …