beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and then summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

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 …

beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …

Bundled insurance contracts, providing protection based on several loss coverages, are attractive because they allow … insurers to focus on the needs of the policyholder. A common contract feature is a deductible set so that the insurance pays …. Without combined deductibles, it is straightforward to value bundled insurance contracts as the sum of contracts from each …

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …