Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive … without intermediation. A controversial matter in the discussion concerning insurance intermediation is the issue of … by insurance companies. The rationale for the latter is the fact that a fee paid by uninformed consumers limits the …

. We reexamine this issue with an experiment that accounts for possible confounds in prior insurance experiments. Our … results are counter to the prior experimental evidence, as we observe subjects buying more insurance for low …

evolutionary theory of the development of the insurance industry starting with mutual pooling at uncertainty, turning into … insurance priced ex ante when actuarial information is available. …

correlation between this quality measure and the insurance premium a person is willing to pay in exchange for a programme …) insurance premium the average person is willing to pay for such a progrtamme is less than $1,500. The willingness to pay seems …

We describe the results of an experiment on decision making in an insurance context. The experiment was designed to … test for the underlying rationality of insurance consumers, where rationality is understood in usual economic terms. In … risk aversion seems to depend on the format of the insurance contract. Copyright Kluwer Academic Publishers 2001 …

By reducing risk of large out-of-pocket medical expenses, comprehensive social health insurance may reduce households …’ motivation to engage in precautionary behaviors such as saving, procurement of private insurance, and spousal labor …-force participation. We use the natural experiment provided by the 1995 introduction of National Health Insurance in Taiwan to examine …

use of inputs, (ii) an improvement of the insurance system, and (iii) application of an ecotechnology where 5–10 meters … by means of pesticide demand functions and the cost for improving an insurance system is measured as the risk premium …