-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …

retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …

We analyze the effect of ambiguous loss probabilities on competitive insurance markets with asymmetric information. We …

insurance markets can be bad when there is adverse selection. Using the dual theory of choice under risk, we are able to fully … competition is less trivial. In effect monopoly is shown to provide better insurance but at the cost of driving out some agents …

We examine insurance markets with two types of customers: those who regret suboptimal decisions and those who don.t. In … positive correlation between the amount of insurance coverage and risk type, as in the standard economic models of adverse … selection, but there also exist separating equilibria that predict a negative correlation between the amount of insurance …

insurance, we show that the risk adjustment commonly used to offset adverse selection can reduce the amount of coverage and …

Bundled insurance contracts, providing protection based on several loss coverages, are attractive because they allow … insurers to focus on the needs of the policyholder. A common contract feature is a deductible set so that the insurance pays …. Without combined deductibles, it is straightforward to value bundled insurance contracts as the sum of contracts from each …

Bundling credit with insurance contracts is a common approach to increasing insurance take-up, especially in low income …-environments. I document that this approach can induce adverse selection in insurance; thus, acting as an important source of …