We study the possibility for international diversification of catastrophe risk by the insurance sector. Adopting the … argument that large insurance losses may be a `globalizing factor' for the industry, we study the dependence of geographically … distant insurance markets via equity returns. In particular, we employ conditional copula theory to model the bivariate …

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

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

insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates …