Some Current Insurance Markets Are Troubled by the Presence of Systematic Risk Or by the Inability of the Parties to Specify the Distribution for Aggregate Loss. Such Circumstances Partly Characterise the Topical "Liability Insurance Crisis". We Compare the Performance of Alternative Vehicles...

In 1972, Dreze and Modigliani Generalized the Line of Research Initiated by Leland [5] and Sandmo [8] on the Effects of Income Risk on Consumption. They Gave Necessary and Sufficient Conditions for Consumption to Decrease Under Income Risk. However, They Did Not Cover Extensively the Case of...

In This Paper, We Present a Critical Review of the Main Characteristics of the Automobile Insurance Regime in Quebec, Emphasizing Both the Compensation and the Pricing of Insurance. Moreover, We Present a Recommendation in Order to Improve the Classification of Risks and to Increase Incentives...

'A New Idea Does Not Come Forth in Its Mature Scientific Form. It Contains Logical Ambiguities Or Errors; the Evidence on Which It Rests Is Incomplete Or Indecisive; and Its Domain of Application Is Exaggerated in Certain Directions and Overlooked in Others', Wrote Stigler (1965, P.14) in One of...

Nous Montrons Que la Methodologie Utilisee Pour Integrer les Deux Approches Peut Etre Incoherente. Nous Proposons on Modele Statistique Qui Integre Adequatement les Deux Approches. Nous Presentons des Modeles de Poisson et de Binomiale Negative Avec Composantes de Regression Afin D'utiliser...

According to Some Scholars Who Wrote on Risk-Taking, the Question Why Are There Multiple Prizes in Lottery Games Seems to Be - Quotes Milton Friedman - "One of the Chief Intellectual Issues Open in This Area". Elying on Brenner's (1983, 1985, 1987) Model, a Straightforward Explanation Can Be...

This Study Presents Both a Comprehensive Survey Jof the Empirical Literature on Gambling and Our Most Recent Research Based on Data Provided by Both Loto-Quebec and Statistics Canada. in Spite of All the Excitement Surrounding the Subject, the Typical Gambler Emerges with the Relatively Boring...