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The Microeconomics of Insurance

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  • Rees, Ray
  • Wambach, Achim

Abstract

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.

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File URL: http://dx.doi.org/10.1561/0700000023
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Bibliographic Info

Article provided by now publishers in its journal Foundations and Trends(R) in Microeconomics.

Volume (Year): 4 (2008)
Issue (Month): 1–2 (February)
Pages: 1-163

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Handle: RePEc:now:fntmic:0700000023

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Web page: http://www.nowpublishers.com/

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Cited by:
  1. Bin, Okmyung & Landry, Craig E., 2013. "Changes in implicit flood risk premiums: Empirical evidence from the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 65(3), pages 361-376.
  2. Lindbeck, Assar & Persson, Mats, 2008. "A Continuous Model of Income Insurance," Seminar Papers 756, Stockholm University, Institute for International Economic Studies.
  3. Matthias Lang & Achim Wambach, 2010. "The fog of fraud – mitigating fraud by strategic ambiguity," Working Paper Series of the Max Planck Institute for Research on Collective Goods 2010_24, Max Planck Institute for Research on Collective Goods.
  4. Barreal, Jesús & Loureiro, Maria L. & Picos, Juan, 2014. "On insurance as a tool for securing forest restoration after wildfires," Forest Policy and Economics, Elsevier, vol. 42(C), pages 15-23.
  5. Dorothee Crayen & Christa Hainz & Christiane Ströh de Martinez, 2010. "Remittances, Banking Status and the Usage of Insurance Schemes," CESifo Working Paper Series 3117, CESifo Group Munich.
  6. Kesternich, Iris & Schumacher, Heiner, 2009. "On the Use of Information in Repeated Insurance Markets," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 280, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  7. Assar Lindbeck & Mats Persson, 2013. "A continuous model of income insurance," International Tax and Public Finance, Springer, vol. 20(6), pages 938-960, December.

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