dynamic contracts. An unconditional dynamiccontract has insurance companies offeringcontracts where the terms of the contract …We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand … depend on time, but not onthe occurrence of past accidents. Conditionaldynamic contracts make the actual contract also depend …

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

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

We formally link insurance markets with product markets and identify a demand effect of insurance: if risk …-averse consumers can buy insurance against possible product failure, there will be some additional consumers that buy the product … have a higher willingness to pay if they can also buy insurance. But a higher price causes those consumers to leave the …

liquidity. The socially optimal demandable debt contract limits inessential runs by targeting a high rollover yield. However …

the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since … results point to a relatively low insurance sector wide risk. Dependence among insurers is higher than among reinsurers. …