intermediaries. Insurance can be provided because in an equilibrium contract an up-front payment effectively locks in the agent with … given period, after having observed her income, the agent can walk away from the contract, while the intermediary cannot, i … autarky, but also partial and full insurance can obtain, depending on the relative patience of agents and financial …

properties of different risk management instruments influence subjects' propensity to invest in self-insurance or self …-protection. Our results show that subjects act more risk averse over time because self-insurance take-up rates increase when learners … for risk management investments against low probability risks and can be used to predict developments in new insurance …

-liability insurance industry …