) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow … optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …

Under certain conditions the optimal insurance policy will offer full coverage above a deductible, as Arrow and others … have shown long time ago. Interestingly, the same design of insurance policies applies in case of a single loss and ex …-ante moral hazard. However, many insurance policies provide coverage against a variety of losses and the possibilities for the …

correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …

privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and … other European Union countries. In order to assess the impact of privatization in Austria on economic performance, we …

Labor force participation rates of mothers in Austria and Germany are similar, however full-time employment rates are … joint taxation with income splitting for married couples, Austria taxes everyone individually, which leads to lower marginal …

, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We … programmes through development banks, tax/security payment deferrals) though with varying weight and scope. Only in Austria and …

socio-economic outcomes and country case studies of Austria, Germany and Switzerland, which illustrate the political …

brink of bankruptcy. In one case, AIG used securities lending to transform insurance company assets into residential … threatening the solvency of the life insurance companies. AIG also sold insurance on multi-sector CDOs, backed by real estate …