The optimal amount of property/land title insurance coverage under both the Torrens and Recording systems remains … controversial and this article introduces decision models and shows that the optimal title insurance evolves as market and property …-specific conditions change. The models can also be extended to Optimal Title Insurance for commercial titles (eg. Uniform Commercial Code …

This paper demonstrates the existence of adverse selection in the group insurance market with no individual choice. We … provide evidence against the “conventional wisdom” that group insurance mitigates adverse selection because of the mixture of …

: Risk and Insurance Theory Without Information Problems -- Higher-Order Risk Attitudes -- Non-Expected Utility and the … Risk Taking: A Survey -- Risk Measures and Dependence Modeling -- The Theory of Insurance Demand.-Prevention and Precaution … -- Part 3 : Asymmetric Information: Theory -- Optimal Insurance Contracts under Moral Hazard -- Adverse Selection in Insurance …

foundations of insurance theory and moves on to review asymmetric information, risk management, insurance pricing and other … Insurance -- 1.6.1 Portfolio Theory and the CAPM -- 1.6.2 Option Pricing Theory -- 1.6.3 Insurance and Corporate Finance -- 1 …This book details the research developments in insurance and its related fields. It starts with the history and …

We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand … dynamic contracts. An unconditional dynamiccontract has insurance companies offeringcontracts where the terms of the contract … on individualpast performance (like in car insurances). Weinvestigate whether allowing insurance companies to offer …