and quantity of their life insurance, to evaluate whether asymmetric information is a barrier to trade in insurace markets. …This paper uses direct evidence on the self-perceived and actual mortality risk of individuals, as well as the price …

This paper studies optimal property insurance in the presence of equity risk and conversion risk. Equity risk is … randomness of the value of a property. It tends to raise demand for conventional insurance on the property effectively increasing … the risk aversion of the property owner. In contrast, conversion risk is randomness in the value the property would have …

's risk-aversion. This paper extends the moral hazard model to the case when the agent's risk-aversion is his private … information. …

We study imperfect competition between insurers in a multiple-risk environment. In the absence of asymmetric … information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are … tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

We study imperfect competition between insurers in a multiple-risk environment. In the absence of asymmetric … information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are … tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

insurance provision. Risk-tolerant individuals take few precautions and are disinclined to insure, but are drawn into a pooling … equilibrium by the low premiums created by the presence of safer, more risk-averse types. Taxing insurance drives out the reckless …This paper reverses the standard conclusion that asymmetric information plus competition results in insufficient …