) 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 …

industrial (waste water and dust) pollution. Auxiliary regressions show that conditional on income, northern provinces have lower … industrial waste water pollution; non-coastal and provinces with smaller secondary industry shares have lower industrial (waste … water, COD, and dust) pollution; provinces with smaller state-owned enterprises share have lower industrial COD pollution …

This paper presents LINDA - a register-based longitudinal data set for Sweden. LINDA consists of a large panel of …

We assess whether the gender gap in authority in Sweden has changed during the period 1968–2000, and investigate to …

Realized capital gains are typically disregarded in the study of income inequality. We show that in the case of Sweden … surge in capital gains-driven inequality in Sweden since the 1980s. While there are no evident changes in terms of who earns …

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 …