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Chapter 5. Insurance and Insurance Markets

Dionne, Georges; Harrington, Scott E. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 203-261). 2014

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 …

Persistent link: https://www.econbiz.de/10014025527

Adverse selection in the annuity market when payoffs vary over the time of retirement

Brunner, Johann K.; Pech, Susanne - 2001

This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the periods of retirement. Varying the time structure of the...

Persistent link: https://www.econbiz.de/10011397919

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002 - Revised Version

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

Persistent link: https://www.econbiz.de/10009750235

Adverse selection in the annuity market when payoffs vary over the time of retirement

Brunner, Johann K.; Pech, Susanne - 2000 - Revised Version

Persistent link: https://www.econbiz.de/10009750561

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002

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

Persistent link: https://www.econbiz.de/10011541030

Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002

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

Persistent link: https://www.econbiz.de/10010294532

Adverse selection in the annuity market when payoffs vary over the time of retirement

Brunner, Johann K.; Pech, Susanne - 2000

Persistent link: https://www.econbiz.de/10010294584

Cohort Mortality Risk or Adverse Selection in the UK Annuity Market?

Cannon, E. S. - 2013

The "money's worth" measure has been used to assess whether annuities are fairly valued and also as evidence for adverse selection in the annuity market. However, a regulated life assurer with concerns about predicting long-run mortality may price annuities to reduce these risks which will...

Persistent link: https://www.econbiz.de/10013081487

Adverse Selection in the Annuity Market When Payoffs Vary Over the Time of Retirement

Brunner, Johann K.; Pech, Susanne - 2021

Persistent link: https://www.econbiz.de/10013321137

The gains of ignoring risk : insurance with better informed principals

Abrardi, Laura; Colombo, Luca; Tedeschi, Piero - 2019

We study a competitive insurance market in which insurers have an imperfect informative advantage over policyholders … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a … lower market concentration may entail an increase in insurance premia. …

Persistent link: https://www.econbiz.de/10012053289

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