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. Proponents of this new "regulation thesis" often dramatically summarize these points by describing insurance as a form of private … over-optimistic. Creating less loss than insurance otherwise might have created is not regulation or loss prevention … insurance. In short, insurance has substantial limits as a solution for the failures of regulation …
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and insurance liability risks affect insurance prices and regulation. In the unique equilibrium of the benchmark … how regulation influences insurance prices and insurer capitalization …We develop a general equilibrium model of competitive insurance and equity capital markets to show how aggregate asset …
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