We take a dynamic perspective on insurance markets under adverse selection and study a generalized Rothschild and … accident occurs. We investigate the nature of dynamic insurance contracts by considering both conditional and unconditional … dynamic contracts. An unconditional dynamic contract has insurance companies offering contracts where the terms of the …

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

insurance to employers: when firms are hit by temporary shocks the effect on profits is cushioned by risk sharing with workers …

We study an insurance model characterized by a continuum of risk types, private information and a competitive supply …

Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under … Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this paper we … that this can affect the conclusion that insurance would not be welfare improving. …

worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level …

advanced. The obligation to pay of bride wealth is seen as informal insurance which relies on the fact that bride wealth … insurance mechanisms, bride wealth qualifies as an important security enhancing institution: the arrangement covers nearly the … involved are large and the period of time during which the claims provide security long. Like any informal insurance …

contracts to crowd out implicit insurance, even though the latter yields higher welfare. Integrating the principal-agent and …