purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most … lines of insurance base indemnity on the insured's actual expenses, i.e., the insured would be partially or completely … reimbursed when purchasing certain goods. In this setting we discuss the interaction between insurance and repair markets by …

purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most … lines of insurance base indemnity on the insured's actual expenses, i. e., the insured would be partially or completely … reimbursed when purchased certain goods. In this setting we discuss the interaction between insurance and repair markets by …

Technological progress has improved insurers' ability to monitor policyholders and has led to usage-based insurance … market shares in the single digits. We modify the standard moral-hazard model in insurance economics by trading off a simpler …