beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and then summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

From the introduction: Economic and financial research on insurance markets has undergone dramatic growth since its … this literature. Their significance is highlighted in the introduction, which surveys major areas in insurance economics …. While it was not possible to provide comprehensive coverage of insurance economics in this book, these readings provide an …

Economic and financial research on insurance markets has undergone dramatic growth since its infancy in the early 1960s … significance is highlighted in the introduction, which surveys major areas in insurance economics. While it was not possible to … provide comprehensive coverage of insurance economics in this book, these readings provide an essential foundation to those …