, deposit insurance and on problems in bank-depositor relationships. …

We consider the joint effect of competition and deposit insurance on risk taking by banks when the riskiness of banks … the bank is a monopoly or banks compete only in the loan market, deposit insurance has no effect on risk taking. In that … case the banks are too risky but extreme risk taking is avoided. In contrast, introducing deposit insurance increases risk …

The paper reviews the evolution in insurance economics over the past 25 years, by first recalling the situation in 1973 … were only possible because steady advances were made in the economics of risk and uncertainty and in financial theory. …

self-insurance, self-protection and market insurance obtained by Ehrlich and Becker (1972) under the expected utility … hypothesis. In particular, background risk, non-reliability, insolvency and asymmetric information are considered. …

This paper uses direct evidence on the self-perceived and actual mortality risk of individuals, as well as the price … and quantity of their life insurance, to evaluate whether asymmetric information is a barrier to trade in insurace markets. …

This paper studies optimal property insurance in the presence of equity risk and conversion risk. Equity risk is … randomness of the value of a property. It tends to raise demand for conventional insurance on the property effectively increasing … the risk aversion of the property owner. In contrast, conversion risk is randomness in the value the property would have …

It has been said that insurance is the last of the financial services to accept radical change (Denney [1995 … weather volatility and catastrophic risks are difficult to diversify using traditional insurance practices. To provide a map … risks. There are two basic and distinct approaches: statistical and economic. The former is typical of the insurance …

The aim of this short note is to investigate the impact of duplicates in a life insurance portfolio by means of the …

often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services …, resilience insures risk-averse ecosystem users against potential welfare losses. Using a general and stringent definition of … “insurance” and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how …