Microeconomics of insurance
By: Ray Rees, Achim Wambach
Contributors: Wambach, Achim
Series: Foundations and trends in microeconomics -- vol. 4, issue 1-2; Foundations and trends in microeconomics -- v. 4, no. 1-2.
Publisher: Now Pub.
Published: 2008
Place of publication: Boston
Language: eng
Format: [electronic resource] /
Number of pages: 166
ISBN-13: 9781601981097; 9781601981080
Subjects: Microeconomics; Mathematical models; Risk Assessment & Management; BUSINESS & ECONOMICS; Insurance
Description: In this relatively short survey, we present the core elements of the microeconomic analysis of insurance markets at a level suitable for senior undergraduate and graduate economics students. The aim of this analysis is to understand how insurance markets work, what their fundamental economic functions are, and how efficiently they may be expected to carry these out.
Notes: Includes bibliographical references (p. 159-166).

Description based on print version record.
Table of contents: title: Abstract; title: Introduction; title: The demand for insurance; title: Introduction; title: Two models of the demand for insurance; title: Comparative satics: the properties of the demand functions; title: Multiple loss states and deductibles; title: Insurance demand with state dependent utility; title: Insurance demand and uninsurable risk; title: Conclusion; title: The supply of insurance; title: Introduction; title: Risk pooling; title: Risk spreading; title: Insurance costs: the Raviv model; title: Capital, solvency, and regulation; title: Adverse selection; title: Introduction; title: Adverse selection in competitive insurance markets; title: Categorical discrimination; title: Endogenous information acquisition; title: Dynamic adverse selection; title: Moral hazard; title: Introduction; title: Single period contracts under moral hazard; title: Dynamic moral hazard; title: Insurance fraud; title: References; title: Updates.