Showing 1 - 10 of 2,448
I provide an equilibrium analysis of 'selection markets': where consumers not only vary in how much they are willing to pay, but also in how much they cost to the seller. The model provides a joint explanation for three empirical phenomena: low uptake of existing products, slow demand for new...
Persistent link: https://www.econbiz.de/10014581822
This paper is a preliminary review of the state of competition in the insurance industry of selected Asian countries … insurance industries of the ASEAN5 economies - Indonesia, Malaysia, Philippines, Singapore and Thailand. It has four main … sections. Section II surveys the market structure and overall performance of the insurance industry in the ASEAN5 economies …
Persistent link: https://www.econbiz.de/10011429714
We examine insurance markets with two types of customers: those who regret suboptimal decisions and those who don.t. In … positive correlation between the amount of insurance coverage and risk type, as in the standard economic models of adverse … selection, but there also exist separating equilibria that predict a negative correlation between the amount of insurance …
Persistent link: https://www.econbiz.de/10010303737
We analyze the effect of counterparty risk on insurance contracts using the case of credit risk transfer in banking. In …
Persistent link: https://www.econbiz.de/10011940750
degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX … cross-sections and distinguishes between permanent and transitory income shocks. We find some partial insurance of permanent … income shocks with more insurance possibilities for the college educated and those nearing retirement. We find little …
Persistent link: https://www.econbiz.de/10010292960
This paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance … conventional demand analysis rather than reduced form imputation procedures. Our results point to some partial insurance but reject …
Persistent link: https://www.econbiz.de/10010293078
how to address non-permanence have been proposed, these being temporary credits and insurance of emission reduction … credits. This paper discusses the practicality and potential difficulties of the insurance approach for addressing non … against common insurability criteria. The marketability of the insurance product and several technical questions in relation …
Persistent link: https://www.econbiz.de/10010295368
Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders … necessary for a stock insurer to offer insurance at a fair premium, but not for a mutual. In the presence of an ownermanager …
Persistent link: https://www.econbiz.de/10010298340
We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand … dynamic contracts. An unconditional dynamiccontract has insurance companies offeringcontracts where the terms of the contract … on individualpast performance (like in car insurances). Weinvestigate whether allowing insurance companies to offer …
Persistent link: https://www.econbiz.de/10010324841
Podkarpackie voivodship. Based on the results of research, the article will present both the current state of insurance in local … insurance business in LGUs. The primary objective of this paper is to determine the procedures for concluding the insurance in … LGUs, and also defining the types of insurance most often executed by these entities, and indication of the intermediaries …
Persistent link: https://www.econbiz.de/10011551377