prices has been studied, little research has been conducted on its effect on insurance demand. In this paper, we propose a … two-stage model to investigate the optimal demand for insurance by agents who derive utility from the consumption of two … Chetty and Szeidl (2007) that commitments help rationalize the high demand for insurance against moderate losses. Moreover …

Disability Insurance (DI) may affect workers' outcomes such as their probability to enter DI, to recover, and their … employment. Supplementary insurance may increase these moral hazard effects, but also increases the financial gains of private … increased insurance coverage on workers' outcomes are thus ambiguous. This paper aims to separate worker and insurer responses …

This case presents the problem of whether a major mutual life insurance company should alter its historic strategy of … concentrating on the sale of life insurance as its principal activity and diversify into a range of financial service products. The … pedagogical objective is to familiarize the student with the insurance industry and the trends affecting financial services …

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 then summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …

form of insurance against adverse economic conditions. It first documents the fact that adult children who received …

Is it fair and just to charge men and women identical life insurance premiums despite their different actuarial risk … on their actuarial risk, should private insurance companies not be allowed to discriminate between various groups? To … terrain with respect to antidiscrimination norms in insurance. I then show how philosophers writing about discrimination …

Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear … some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such … insurance company in effect serves as a retailer to homeowners of short positions in real estate futures markets or of put …

minimized and others can be shift ed or transferred to other insurance companies. Insurance as a business is an important … more the players needed to share the risk: individuals, corporations, governments, insurance, reinsurance and capital … markets. It has been found that the share of developing countries in total insurance coverage is very small; of the insured …

Probability weighting is often used to explain insurance choices that conflict with expected utility (EU) preferences …. We derive new theoretical results on the effects of probability weighting in the context of common insurance demand …-impact risks or for insurance contracts exposed to nonperformance risk …