We study the demand for actuarially fair Long Term Care (LTC hereafter) insurance in a setting where autonomous agents … themselves, while no agent wishes to buy complete insurance. We then show that the comparison of marginal utility of income (as … opposed to consumption) across health states depends on (i) whether agents do buy LTC insurance at equilibrium or not, (ii …

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 …

demand. As previously demonstrated, our results confirm that subsidies are ineffective in increasing insurance penetration. …People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts …

Using firm and industry data, we establish two facts: (i) Uncertainty about demand conditions not only reduces export … of export shares from the most to the least productive incumbents. Greater skewness of the demand distribution and …

demand for medical care. It considers the insurance demand of different types of agents: naive individuals, individuals who … state as a point of reference and builds a model for studying the implications of this phenomenon on health insurance and on … are able to commit to medical care demand and sophisticated individuals. Furthermore, it raises the question of whether …

-run climate feedbacks. Our non-certainty-equivalent rule for the SCC incorporates precaution, risk insurance, and climate …

Many competitive health insurance markets adjust payments to participating health plans according to their enrollees … morbidity-based risk adjustment in the Statutory Health Insurance in 2009, which triggers payments based on "validated …

unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over … whose type turns out to be high risk but low demand renew more of their GR insurance than is efficient due to the attractive …Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the …

competitive life insurance market offering actuarially fair annuities. There exists a tragedy of annuitization: although full …

It is widely recognized that market failureʺ prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public …