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The informational value of insurance purchases: Evidence from the property-liability insurance market

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  • Ligon, James A.
  • Cather, David A.

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  • Ligon, James A. & Cather, David A., 1997. "The informational value of insurance purchases: Evidence from the property-liability insurance market," Journal of Banking & Finance, Elsevier, vol. 21(7), pages 989-1016, July.
    • Handle: RePEc:eee:jbfina:v:21:y:1997:i:7:p:989-1016
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    8. Gould, John P., 1974. "Risk, stochastic preference, and the value of information," Journal of Economic Theory, Elsevier, vol. 8(1), pages 64-84, May.
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    10. Raymond D. Hill, 1979. "Profit Regulation in Property-Liability Insurance," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 172-191, Spring.
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    14. Epstein, Larry G & Zin, Stanley E, 1991. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis," Journal of Political Economy, University of Chicago Press, vol. 99(2), pages 263-286, April.
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    26. Frech, H E, III & Samprone, Joseph C, Jr, 1980. "The Welfare Loss of Excess Nonprice Competition: The Case of Property-Liability Insurance Regulation," Journal of Law and Economics, University of Chicago Press, vol. 23(2), pages 429-440, October.
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    Cited by:

    1. Li-Hua Lai, 2006. "Underwriting profit margin of P/L insurance in the fuzzy-ICAPM," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 31(1), pages 23-34, July.
    2. Michael Theil, 2003. "The Value of Personal Contact in Marketing Insurance: Client Judgments of Representativeness and Mental Availability," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 6(2), pages 145-157, September.

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