This paper investigates the rationale for government intervention in the market for terrorism insurance, focusing on … rational terrorists. Government subsidies for terror insurance can discourage self-protection and limit the inefficiencies …

the seemingly failure of the private insurance market to provide coverage for terrorism losses after the attack on … government provision of terrorism insurance. The paper argues that mostly unfettered insurance and capital markets are capable of …

Care Act (ACA)'s Health Insurance Marketplaces. The RC program, which was defunded ahead of coverage year 2016, and ended … defunding, had greater premium increases in 2017, after the program ended. Insurance markets in which more insurers made RC …

Massachusetts that the demand for auto insurance is highly price elastic. This implies that regulation induced price rollbacks (such …This paper examines various explanations for the increase in the degree of regulation of the auto industry in the last … increase in regulation in two ways: a) As an attempt to lower rates to deal with the problem of the uninsured motorist. b) More …

This paper analyzes the impact of rate regulation on the structure of insurance markets for private passenger … automobile insurance. The paper argues that states' restrictions on automobile insurers' rates of return will distort the … those states which impose the most stringent regulation. The analysis suggests that increased regulatory stringency lowers …

This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no … 1970-1998, a period in which many states adopted compulsory insurance regulations and/or no-fault laws. Using an … instrumental variables approach, we find evidence that automobile insurance has moral hazard costs, leading to an increase in …

-free real rate of interest is positive, the price of such an inflation insurance policy first rises and then falls with time to … inflation and the real risk premium on nominal bonds. When a deductible is introduced, the insurance policy can no longer be … insurance contracts are priced using the model developed by Black-Merton-Scholes. Pricing an inflation insurance policy with a …

Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear … some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such … insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put …

illness can significantly increase the value of statistical life, helping to reconcile theory with empirical findings that …

Insurance affects the variability of consumption over time, which is not captured in standard expected utility of … value of insurance. Liquidity constraints generate high insurance demand when premiums are due smoothly, sometimes leading … to seemingly dominated choices. Conversely, a risk-averse person may value insurance below its expected value and appear …