Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on … variation in the ratio of firm deposits to total household and firm deposits before the announcement of deposit insurance, so as … to capture the magnitude of the decrease in market discipline after the introduction of deposit insurance, we demonstrate …

Advantageous (or propitious) selection occurs when an increase in the premium of an insurance contract induces high … insurance demand are high. We then move to standard settings satisfying the single-crossing property and show that advantageous … face two mutually exclusive risks that are bundled together in a single insurance contract. We exemplify this last case …

Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without …. Efforts to close this insurance gap include the introduction of parametric (index) insurance products for various catastrophic … risks. We compare parametric to indemnity insurance in a simple model where the insurance company has superior information …

income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a … continuous treatment of an individual's health sheds new light on the role and functioning of income insurance and makes it … is not regarded as outright fraud, but as a gradual adjustment of the willingness to go to work when income insurance is …