This paper investigates the crowding out of informal support among peers by the introduction of formal insurance. We … show that the availability of insurance changes people's intrinsic motivation to support others. We report results from a … endowment. It is varied whether they can purchase an insurance before the loss is determined. The other half of the subjects can …

emphasis put on the too-big-to-fail approach in insurance, i.e. EBA, might be partially missing the underlying nature of … systemic risk in insurance. Not only certain activities, including insurance activities such as life or non-life lines of …