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Contributions to Insurance Economics

  • Book
  • © 1992

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Editors:
  1. Georges Dionne

    1. Université de Montréal, Canada

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Table of contents (20 chapters)

  1. Front Matter

    Pages i-xix
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  2. Survey Articles

    1. Front Matter

      Pages 1-1
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    2. Economic Theory of Risk Exchanges: A Review

      • Christian Gollier
      Pages 3-23

    3. The Demand for and Supply of Liability Insurance

      • Patricia M. Danzon, Scott E. Harrington
      Pages 25-60

    4. Moral Hazard and Insurance Contracts

      • Ralph A. Winter
      Pages 61-96

    5. Adverse Selection in Insurance Markets: A Selective Survey

      • Georges Dionne, Neil Doherty
      Pages 97-140

    6. Financial Pricing of Property and Liability Insurance

      • J. David Cummins
      Pages 141-168

    7. Econometric Models of Accident Distributions

      • Marcel Boyer, Georges Dionne, Charles Vanasse
      Pages 169-213

  3. Essays

    1. Front Matter

      Pages 215-215
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    2. Theoretical Models

      1. Optimal Insurance: A Nonexpected Utility Analysis
        • Edi Karni
        Pages 217-238
      2. Background Risk, Prudence, and the Demand for Insurance
        • Louis Eeckhoudt, Miles Kimball
        Pages 239-254
      3. Optimum Insurance with Deviant Beliefs
        • John M. Marshall
        Pages 255-274
      4. Increases in Risk and the Demand for Insurance
        • Yves Alarie, Georges Dionne, Louis Eeckhoudt
        Pages 275-290
      5. Crop Insurance in Incomplete Markets
        • Bharat Ramaswami, Terry L. Roe
        Pages 291-306
      6. How does Ambiguity Affect Insurance Decisions?
        • Howard Kunreuther, Robin M. Hogarth
        Pages 307-324
      7. Moral Hazard and Competitive Insurance Markets
        • Richard J. Arnott
        Pages 325-358
      8. Probationary Periods and Time-Dependent Deductibles in Insurance Markets with Adverse Selection
        • Claude Fluet
        Pages 359-375
      9. Insurance Classifications and Social Welfare
        • Samuel A. Rea Jr.
        Pages 377-396
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Keywords

About this book

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 in­ formation 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.

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

Editors and Affiliations

  • Université de Montréal, Canada

    Georges Dionne

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