insurance markets
An Extension of One Period Nash Equilibrium Model in Non Life Insurance Markets
... This paper aims to extend the one-period model in non-life insurance markets (see [1]) by using a transition probability matrix depending on some economic factors. We consider a model with a multi-period ...
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Welfare-improving ambiguity in insurance markets with asymmetric information
... We consider a model of competitive insurance markets involving both asymmetric information and ambi- guity about the accident probability. We show that there can exist a full-insurance pooling ...
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Competition between health maintenance organizations and nonintegrated health insurance companies in health insurance markets
... This article examines a model of competition between two types of health insurer: Health Maintenance Organizations (HMOs) and nonintegrated insurers. HMOs vertically integrate health care providers and pay them at a ...
9
Essays on Private Medicare Insurance Markets
... in insurance markets. Standard models on insurance markets usually predict adverse selection, which means that riskier consumers choose more compre- hensive plans, causing the equilibrium ...
139
Consequences of the financial crisis for the insurance markets of the world and Ukraine
... gross insurance premiums in the world fol- lows the situation on the insurance markets of the developed ...the insurance premium volumes in the world was caused by the slowing down on the in- ...
10
Gender discrimination, optimal allocation and partial pooling Nash equilibrium: Essays on insurance markets with a participation option
... Since Rothschild and Stiglitz (1976) found that a pooling Nash equilibrium can not exist in competitive insurance markets, explaining how pooling can arise has become a notoriously difficult task in ...
146
I Learn, You Learn, We Gain Experience in Crop Insurance Markets
... The relevance and the impact of experience in insurance markets are under- investigated. From Italian farm-level data we estimate a dynamic discrete choice model of participation to investigate the role of ...
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Competition, efficiency and soundness in European life insurance markets
... 10 insurance markets analysed in this ...an insurance company is costly due to agency cost from unresolved owner-manager and owner-policyholder conflicts, the cost of adverse selection and moral ...
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Does Selection in Insurance Markets Always Favor Buyers?
... in insurance markets has long been an important empirical ...mandating insurance cov- ...comprehensive insurance and take more precautions (de Meza and Webb, 2001; De Donder and Hindriks, ...
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The Impact of Price Controls on Mandatory Automobile Insurance Markets
... the insurance markets where a high β might represent an independent broker or a career agent’s commission for broking and selling insurance products on the insurer’s ...
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Efficiency of competition in insurance markets with adverse selection
... Αλτηουγη mοστ οφ τηε χλασσιχαλ ρεσυλτσ ιν ινσυρανχε τηεορψ αππεαρ το βε ροβυστ το συχη δεπαρτυρεσ φροm τηε εξπεχτεδ υτιλιτψ mοδελ, ονε ιmπορταντ ιmπλιχατιον το τηε δεmανδ οφ ινσυρανχε δε[r] ...
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Optimal premium pricing strategies for nonlife products in competitive insurance markets
... the insurance industry as the actuarial team needs to consider the various characteristics of the insured object, the potential demand from the policy holders, the available information about the competition of ...
116
Adverse selection and risk selection in unregulated health insurance markets: Empirical evidence from South Africa's medical schemes
... Cream-skimming (also called cherry-picking) happens when unusually low risk (and low-cost) people select an insurance plan. Insurers might know more about consumers' expected costs than the consumers themselves ...
314
Harmful competition in insurance markets
... In this paper we address the critical question: how and how well competition on the mar- kets handles the fundamental problems of information. With imperfect information, market actions or choices convey information and ...
23
Measurement and Pricing of Risk in Insurance Markets
... of insurance pricing models. Historically, insurance pricing models were proposed as responses and correctives to the ones that preceded ...competitive markets and linearity of market ...incomplete ...
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Industrial economics studies in insurance markets
... particular insurance market. The question asked is: does it pay for an insurance firm to hire an agent to screen the customers so as to find out their true type? Others than in most of vertical integration ...
214
Health Uninsurance in rural America: a partial equilibrium analysis
... these markets has mainly dwelt on the existence of pre- existing health conditions or closely related ...health insurance markets, insurance issuers were prohib- ited from refusing coverage ...
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Wuppermann, Amelie Catherine (2011): Empirical Essays in Health and Education Economics. Dissertation, LMU München: Volkswirtschaftliche Fakultät
... an insurance product has more information on the risk than the ...the markets for life insurance and annuities, and different health insurance mar- kets insure similar risks and individuals ...
119
The integration of the banking, insurance and reinsurance markets in Russia and Ukraine
... selected markets involves the consideration of the key issues related to the de- scription of each of them separately and identifica- tion of their relationship in the context of the fol- lowing three areas: ...
10
Alternative solutions for public and private catastrophe funding in Austria
... of insurance markets in arbitrage mod- ...Austrian insurance compa- nies obtain loss calculations, loss forecasting and ratemaking methods from the large Europe based reinsurance ...and ...
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