Contributions to Insurance Economics / Edition 1

by Georges Dionne

Overview

For a number of years, I have been teaching and doing research in the economics of uncertainty, information, and insurance. Although it is now possible to find textbooks and books of essays on uncertainty and information in economics and finance for graduate students and researchers, there is no equivalent material that covers advanced research in insurance. The purpose of this book is to fill this gap in literature. It provides original surveys and essays in the field of insurance economics. The contributions offer basic reference, new material, and teaching supple­ ments to graduate students and researchers in economics, finance, and insurance. It represents a complement to the book of readings entitled Foundations of Insurance Economics - Readings in Economics and Finance, recently published by the S.S. Huebner Foundation of Insurance Education. In that book, the editors (G. Dionne and S. Harrington) disseminate key papers in the literature and publish an original survey of major contributions in the field.

Product Details

ISBN-13:	9780792391753
Publisher:	Springer Netherlands
Publication date:	04/30/1992
Series:	Huebner International Series on Risk, Insurance and Economic Security , #13
Edition description:	1992
Pages:	524
Product dimensions:	8.27(w) x 11.69(h) x 0.06(d)

Table of Contents

Economic Theory of Risk Exchanges: A Review.- The Demand for and Supply of Liability Insurance.- Moral Hazard and Insurance Contracts.- Adverse Selection in Insurance Markets: A Selective Survey.- Financial Pricing of Property and Liability Insurance.- Econometric Models of Accident Distributions.- Optimal Insurance: A Nonexpected Utility Analysis.- Background Risk, Prudence, and the Demand for Insurance.- Optimum Insurance with Deviant Beliefs.- Increases in Risk and the Demand for Insurance.- Crop Insurance in Incomplete Markets.- How Does Ambiguity Affect Insurance Decisions?.- Moral Hazard and Competitive Insurance Markets.- Probationary Periods and Time-Dependent Deductibles in Insurance Markets with Adverse Selection.- Insurance Classifications and Social Welfare.- Social Insurance in Market Contexts: Implications of the Structure of Workers’ Compensation for Job Safety and Wages.- Testing for Asymmetric Information in Canadian Automobile Insurance.- Incentive Effects of No-Fault Automobile Insurance: Evidence from Insurance Claim Data.- Measuring the Effects of the No-Fault 1978 Quebec Automobile Insurance Act with the DRAG Model.- Liability Versus No-Fault Automobile Insurance Regimes: An Analysis of the Experience in Quebec.

Editorial Reviews

'In conclusion, I recommend Contributions to Insurance. It does an excellent job of readers of the Journal of Risk and Insurance economics, remind the reader of the advances that are being made, and of equal if not more importance, sets the stage for a future research agenda in this area.' Journal of Risk and Insurance

From the Publisher