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Economics of Insurance

Economics of Insurance Author K.H. Borch
ISBN-10 9781483294902
Release 2014-07-14
Pages 410
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The theory of insurance is presented in this book, discussed from the viewpoint of the theory of economics of uncertainty. The principle of premium calculation which the book uses is based on economic equilibrium theory and differs from many of the premium systems discussed by actuaries. Reinsurance is developed in the framework of general economic equilibrium theory under uncertainty. Here ordering of risks, preferences and utility theory play an important role. The book discusses the markets for insurance and divides them into three classes: (i) life insurance (ii) business insurance and (iii) household insurance, and these classes are each treated extensively in three separate chapters. Finally uninsurable risks are presented under "asymmetric information". Here moral hazard and adverse selection are treated and illustrations are given, some based on game theory.



Insurance Economics

Insurance Economics Author Peter Zweifel
ISBN-10 9783642205477
Release 2012-02-24
Pages 451
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Presenting theoretical foundations and empirical research, this text introduces the reader to the core issues and analytical tools of insurance economics, examining in detail a host of key factors including supply and demand, regulation and social insurance.



Contributions to Insurance Economics

Contributions to Insurance Economics Author Georges Dionne
ISBN-10 9789401711685
Release 2013-04-17
Pages 524
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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.



Insurance and Behavioral Economics

Insurance and Behavioral Economics Author Howard C. Kunreuther
ISBN-10 9780521845724
Release 2013-01-28
Pages 338
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This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.



The Economics of Risk and Insurance

The Economics of Risk and Insurance Author S. Hun Seog
ISBN-10 9781405185523
Release 2010-03-15
Pages 343
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Written for advanced undergraduate and master?s level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some timely examples. Covers diverse issues such as risk aversion, expected utility, and moral hazard within the pure theory of insurance Provides a clear exposition of the necessary mathematics, a feature which cannot be found in readers on the topic Utilizes an undergraduate economics major level of math Uses the simplest economic models possible to keep the text intuitive Introduces more mathematically complex techniques such as basic optimization for students wishing to 'go further' in their analysis



Research Handbook on the Economics of Insurance Law

Research Handbook on the Economics of Insurance Law Author Daniel Schwarcz
ISBN-10 9781782547143
Release 2015-08-28
Pages 568
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The fields of insurance law and insurance economics have long and distinguished scholarly histories, but participants in the two disciplines have not always communicated well across academic silos. This Handbook encourages more policy-relevant insurance e



Life Insurance

Life Insurance Author Solomon Stephen Huebner
ISBN-10 UCAL:$B95649
Release 1915
Pages 482
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Life Insurance has been writing in one form or another for most of life. You can find so many inspiration from Life Insurance also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Life Insurance book for free.



Lectures on Microeconomic Theory

Lectures on Microeconomic Theory Author E. Malinvaud
ISBN-10 1493302655
Release 1985-06
Pages 398
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This book deals with microeconomic theory as it concerns general economic equilibrium and the implications for prices and resource allocation. Students with a background in mathematics will find in this volume a broad, comprehensible overview of the ideas which have contributed to our understanding of general equilibrium.



Social Insurance and Economic Security

Social Insurance and Economic Security Author George E. Rejda
ISBN-10 9781317459736
Release 2015-07-17
Pages 432
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This classic social insurance work has been updated to cover a decade of policy developments and the impact of the recent economic crisis.The book includes in-depth discussion of all major programs to reduce economic insecurity in the United States, including Social Security, Medicare, workers' compensation, unemployment compensation, and temporary disability insurance. The principles, characteristics, and policy issues associated with social insurance and public assistance programs are discussed in detail. The book examines each major cause of economic insecurity and analyzes the appropriate social insurance program for dealing with the problem.



Morals and Markets

Morals and Markets Author Viviana A. Rotman Zelizer
ISBN-10 9780231545426
Release 2017-08-08
Pages 236
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Life insurance—the promise of an insurer to pay a sum upon a person's death in exchange for a regular premium—is a bizarre enterprise. How can we monetize human life? Should we? What statistics do we use, what assumptions do we make, and what behavioral factors do we consider? First published in 1979, Morals and Markets Is a pathbreaking study exploring the development of life insurance in the United States. Viviana A. Rotman Zelizer combines economic history and a sociological perspective to advance a novel interpretation of the life insurance industry. The book pioneered a cultural approach to the analysis of morally controversial markets. Zelizer begins in the mid-nineteenth century with the rise of the life insurance industry, a contentious chapter in the history of American business. Life insurance was stigmatized at first, denounced in newspapers and condemned by religious leaders as an immoral and sacrilegious gamble on human life. Over time, the business became a widely praised arrangement to secure a family's future. How did life insurance overcome cultural barriers? As Zelizer shows, the evolution of the industry in the United States matched evolving attitudes toward death, money, family relations, property, and personal legacy.



Risk Management And Insurance Perspectives In A Global Economy

Risk Management And Insurance  Perspectives In A Global Economy Author Harold D. Skipper/w. Jean Kwon
ISBN-10 8126515937
Release 2008-04-07
Pages 768
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This book provides an in-depth understanding of international risk management and insurance, their dynamics, and the economic, social, political, and regulatory environments surrounding global risk and insurance markets.· Introduction· Factors Shaping the Risk Environment Internationally· Enterprise Risk Management in a Global Economy· Insurance in a Global Economy· Conclusions



The Economics of Social Protection

The Economics of Social Protection Author Lars Söderström
ISBN-10 9781848442955
Release 2008-01-01
Pages 180
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This book will be of interest to anyone interested in the technical detail of funding mechanisms, and those not so inclined will still find plenty of thought-provoking material to explore. . . This book is a treasure-trove of empirical data, theoretical discussion, and practical application, and also as a useful indicator of how much of Europe understands social protection. Citizen s Income This book focuses on arrangements for redistributing consumption opportunities over the life cycle and for providing compensation for income losses or large expenditures due to reasons such as illness and unemployment. After extensive coverage of the nature of inequalities in income and wealth in a market economy, and various notions of social justice, the author discusses public and private transfers in cash or in kind related to old age, childhood, illness and the like. Importantly, the book takes into account both equity and efficiency aspects. This concise discussion of the welfare state and its alternatives will be of great interest to students of economics at the intermediate level as well as to graduate students of sociology, social work and other social sciences. It will also appeal to politicians and civil service managers with an interest in the fundamentals of social policy.



Entrepreneurial Economics

Entrepreneurial Economics Author Alexander Tabarrok
ISBN-10 9780199728091
Release 2002-02-28
Pages 328
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This intriguing collection is designed to show how economists can play a more active role in designing and directing the nation's social institutions. By taking the task of political economy seriously, the contributors (including some of today's most distinguished economists) reveal the power of economic thought to offer innovative solutions to some of the most difficult problems facing society today. By creating markets where none existed before, the authors propose efficient, reliable, and profitable improvements to current systems of health insurance, financial markets, human organ distribution, judicial practice, bankruptcy and securities regulation, patenting, and transportation. Written in the entrepreneurial spirit, these essays show economics to be an ambitious, dynamic, and far-from-dismal science.



The Economics of Public Health Care Reform in Advanced and Emerging Economies

The Economics of Public Health Care Reform in Advanced and Emerging Economies Author David Coady
ISBN-10 9781475583786
Release 2012-04-13
Pages 380
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Health care reform will be a key fiscal policy challenge in both advanced and emerging economies in coming years. In the advanced economies, the health sector has been one of the main drivers of government expenditure, accounting for about half of the rise in total spending over the past forty years. These spending pressures are expected to intensify over the next two decades, reflecting the aging of the population, income growth, and continued technological innovations in health care. These spending increases will come at a time when countries need to undertake fiscal consolidation to reduce public debt ratios in the wake of the global financial crisis. In the emerging economies, health care reform is also a key issue, given substantial lags in health indicators and limited fiscal resources. For these economies, the challenge will be to expand public coverage without undermining fiscal sustainability. This book provides new insights into these challenges and potential policy responses, with cross-country analysis and case studies.



The Microeconomics of Insurance

The Microeconomics of Insurance Author Ray Rees
ISBN-10 9781601981080
Release 2008
Pages 166
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The Microeconomics of Insurance presents the core elements of the microeconomic analysis of insurance markets. The aim of this analysis is to understand how insurance markets work, their fundamental economic functions, and how efficiently insurance markets perform. Topics include the variables influencing the demand for insurance, the supply of insurance, premium setting, regulation of insurance markets, adverse selection and moral hazard. It is presented in a straightforward manner such that it is accessible to senior undergraduate and graduate economics students, insurance professionals, and researchers.



The Economics Regulation and Systemic Risk of Insurance Markets

The Economics  Regulation  and Systemic Risk of Insurance Markets Author Felix Hufeld
ISBN-10 9780198788812
Release 2016-10-27
Pages 272
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Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macro-economic role and risks of insurance markets are surprisingly limited. The core motivation for publishing this book is to bring together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macro-economic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential to understand the potential differences in risk nature and differences in optimal regulation. The second part of the book focuses on the risks of the insurance sector and the potential for systemic risk. The various chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.



The Economics of Fire Protection

The Economics of Fire Protection Author Ganapathy Ramachandran
ISBN-10 9781135818456
Release 2002-11-01
Pages 248
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This important new book, the first of its kind in the fire safety field, discusses the economic problems faced by decision-makers in the areas of fire safety and fire precautions. The author considers the theoretical aspects of cost-benefit analysis and other relevant economic problems with practical applications to fire protection systems. Clear examples are included to illustrate these techniques in action. The work covers: * the performance and effectiveness of passive fire protection measures such as structural fire resistance and means of escape facilities, and active systems such as sprinklers and detectors * the importance of educating for better understanding and implementation of fire prevention through publicity campaigns and fire brigade operations * cost-benefit analysis of fire protection measures and their combinations, taking into account trade-offs between these measures. The book is essential reading for consultants and academics in construction management, economics and fire safety, as well as for insurance and risk management professionals.