internalities justify government action. I then turn to markets for medical care and health insurance. Virtually all governments … provide health insurance for some part of the population. Governments face several fundamental choices in this provision. The … at the expense of quality. A second choice is in the degree of cost sharing. More generous insurance reduces the utility …

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 …

This thesis contains four essays which are all from the broader field of insurance economics. The chapters can be read …, which is on oligopolistic models in the insurance market, are paving the way for chapter 4, which contains an article on the … role of patience in an insurance market. This is because chapter 4’s model includes moral hazard and adds to the literature …

We analyze the effect of counterparty risk on insurance contracts using the case of credit risk transfer in banking. In …