It is well known that modern governments are unwilling to use poll taxes because it corresponds to political suicide. Still, poll taxes are allegedly the most efficient form of taxation. Building on Eaton and Rosen (1980) and Peck (1989), the goal of this paper is to show a case where an excise...

This paper uses the transformed data method proposed in Duan (1994) to develop a maximum likelihood procedure for the estimation of the deposit insurance pricing model of Duan, Moreau and Sealey (1995). An empirical analysis is carried out on ten large US banks to illustrate the proposed...

This paper deals with the economic and technical impact of the insurance constraint on the optimal insurance contracts. We show that restricting the set of admissible indemnity fucntions to those that do not allow fo indemnities larger than the damage does not invalidate the Pareto-optimality of...

The goal of this study is to develop a tool to aid insurance company adjusters in their decision making and to ensure that they are better equipped to fight fraud.

Information problems have a large role to play in insurance markets and the regulations governing these markets were in part designed to take such problems into account. Classification variables are usually the tools used to reduce adverse selection, whereas bonus-malus (or merit-rating) schemes...

In this survey we present some of the more significant results in the literature on adverse selection in insurance markets. Sections 1 and 2 introduce the subject and section 3 discusses the monopoly model developed by Stiglitz (1977) for the case of single-period contracts and extended by many...

In this paper, we propose an empirical analysis of the presence of adverse selection in an insurance market. We first present a theroetical model of a market with adverse selection and we introduce different issues related to transaction costs, accident costs, risk aversion and moral hazard. We...

The objective of this paper is to present the role and importance of internal control systems in good risk management practice, with a particular emphasis on the internal audit and compliance functions within such a framwork. Our focus is on the Life and Health Insurance industry in Canada.

There are numerous links, both direct and indirect, betwwen real estate markets and insurance products. One of the diract links that has been the focus of much attention recently in the US is homeowners insurance, especially in hazard prone areas. Another direct link not receiving as much...

The goal of this paper id to test whether the threat of regulating (or more stringent regulation of) automobile liability insurance as portrayed in the population and industry press induces insurers to change the way they price their policies.