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Markets, hierarchies, and hybrids in corporate insurance

Grillet, Luc L. - 1992

The superior risk-bearing ability of commercial insurers is limited. Their comparative advantage depends on the calculability of property-liability loss distributions. Insurance contracts have their own transaction costs and these may outweigh the benefits of the commercial risk transfer. The...

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Using the LSAT as a labor market thermometer for lawyers

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Cognition and economic outcomes in the health and retirement survey

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