information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are … tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are … tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

A basic understanding of insurance principles is useful for making personal finance decisions and for considering … public policy issues. Yet, insurance concepts tend to be less intuitive, more difficult for students to grasp, than other … concepts. This paper shows how fundamental insurance principles can be taught by relating them to the principles underlying …

This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results …

to both in- novate and acquire information. Finally, the impact of insurance on the investment and information … s/he gets the opportunity to acquire information in order to reduce her/his uncertainty. We find that the agent always … invests unless the cost exceeds the direct benefit, and does acquire information with a certain degree of precision. Moreover …

Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … a purchase of self insurance motive to remit, we also provide evidence of more remittances sent by risk averse …

. To optimize the value of insurance, the insurer and the insured have to agree upon repair strategies (when to fix the …