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Contributions to Insurance Economics : Huebner International Series on Risk, Insurance and Economic Security - Georges Dionne

Contributions to Insurance Economics

Huebner International Series on Risk, Insurance and Economic Security

By: Georges Dionne (Editor)

Hardcover

Published: 30th April 1992
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This book offers a basic reference, new material and teaching supplements to graduate students and researchers in economics, finance and insurance. The book is divided into two main parts. Part 1 contains six survey articles on different subjects that represent significant developments over the past years: optimality of insurance contracting, liability insurance, moral hazard, adverse selection, insurance pricing and econometric estimation of accident distributions. Part 2 extends the recent literature by presenting fourteen essays one different subjects of current research in: (a) the theory of insurance economics covering nonlinear expected utility, prudence, deviant beliefs, incomplete markets, increases in risk, ambiguity; (b) problems of information including moral hazard and competitive markets, adverse selection and probationary periods, incomplete information and risk categorization, and (c) empirical studies on workers' compensation, adverse selection and the effects of no-fault in automobile insurance. Each paper is presented with an abstract and keywords, and can be read independently of the other contributions in the volume.

'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

Preface
List of Contributors
List of Referees
Introduction
Survey Articles
Economic Theory of Risk Exchanges: A Reviewp. 3
The Demand for and Supply of Liability Insurancep. 25
Moral Hazard and Insurance Contractsp. 61
Adverse Selection in Insurance Markets: A Selective Surveyp. 97
Financial Pricing of Property and Liability Insurancep. 141
Econometric Models of Accident Distributionsp. 169
Essays
Theoretical Modelsp. 215
Optimal Insurance: A Nonexpected Utility Analysisp. 217
Background Risk, Prudence, and the Demand for Insurancep. 239
Optimum Insurance with Deviant Beliefs, John M. Marshallp. 255
Increases in Risk and the Demand for Insurancep. 275
Crop Insurance in Incomplete Marketsp. 291
How Does Ambiguity Affect Insurance Decisions?p. 307
Moral Hazard and Competitive Insurance Marketsp. 325
Probationary Periods and Time-Dependent Deductibles in Insurance Markets with Adverse Selectionp. 359
Insurance Classifications and Social Welfarep. 377
Empirical Modelsp. 397
Social Insurance in Market Contexts: Implications of the Structure of Workers' Compensation for Job Safety and Wagesp. 399
Testing for Asymmetric Information in Canadian Automobile Insurancep. 423
Incentive Effects of No-Fault Automobile Insurance: Evidence from Insurance Claim Datap. 445
Measuring the Effects of the No-Fault 1978 Quebec Automobile Insurance Act with the DRAG Modelp. 471
Liability Versus No-Fault Automobile Insurance Regimes: An Analysis of the Experience in Quebecp. 499
Indexp. 521
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792391753
ISBN-10: 0792391756
Series: Huebner International Series on Risk, Insurance and Economic Security
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 524
Published: 30th April 1992
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 29.7 x 21.0  x 3.18
Weight (kg): 2.08