This paper revisits the problem of adverse selection in the insurance market of Rothschild and Stiglitz [28]. We propose a simple extension of the game-theoretic structure in Hellwig [14] under which Nash-type strategic interaction between the informed customers and the uninformed firms results...

In the financial market of insurance, consumer protection represents an important component contributing to the stability, discipline and efficiency of the market. In this respect, the activity of educating and informing insurance consumers on ensuring and exercising their right to claim plays a...

This paper revisits the problem of adverse selection in the insurance market of Rothschild and Stiglitz (QJE, 1976). We propose a simple extension of the game-theoretic structure in Hellwig (EER, 1987) under which Nash-type strategic interaction between the informed customers and the uninformed...

Every day insurance companies face a number of risks arising from the insurance industry itself, as well as risks arising from insurance company operations. In this constant fight against risks insurance companies use different models and methods that help them better understand, have a more...

Economy processes globalization, information and telecommunication technologies development2, service sector expansion with limitation of agriculture and industry significance at the same time, influences leaving traditional work model, its organization and corporate work relations. Additionally...

This report summarizes a series of reports investigating Indiana’s health care economy and markets. The findings suggest the need for policymakers in Indiana to address important challenges on multiple fronts. Important areas for immediate attention include greater efficiency in the delivery...

Faced with growing numbers of uninsured, many communities are developing local programs to provide coverage or improved access. While some would predict that only those with health problems would participate, little is known about who enrolls. This article examines participation and retention in...

В статье рассмотрены вопросы функционирования и развития региональных страховых рынков в Украине. Проанализированы проблемы и причины, замедляющие их...

Исследованы основные факторы влияния на уровень финансовой безопасности страхового рынка, источники их возникновения и основные взаимосвязи между ними....