"Using a model with constant relative risk-aversion preferences, endogenous labor supply and partial insurance against … cost associated with missing insurance markets. On the other hand, greater wage dispersion presents opportunities to raise …

driven by voters' spending on private insurance and increased willingness to take risks when spared from disaster. I … electoral returns, risk-aversion, and private insurance inquiries. These results are politically meaningful not least because US …

This paper studies an optimal insurance problem with finitely many potential policyholders. A monopolistic, risk …-neutral insurer offers an insurance contract, and exponential utility maximizing individuals accept the offer or not. We allow for … heterogeneity in the preferences of the individuals, while the insurer cannot discriminate in the insurance premium. We show that it …