the addition of several new chapters on risk sharing, asymmetric information, adverse selection, signaling and moral …

In a dual risk model, the premiums are considered as the costs and the claims are regarded as the profits. The surplus … existing literature of dual risk models, the profits follow the compound Poisson model and the cost is constant. In this paper …, we develop a state dependent dual risk model, in which the arrival rate of the profits and the costs depend on the …

unambiguously reduce risk, and decision makers might demand more insurance when there is a positive loading on the premium than when …-period model where risk is concentrated in the second period and derive the conditions under which these demands differ. We examine … the effects of risk aversion and derive the conditions under which a more risk-averse individual demands more or less …