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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.

Suggested Citation

  • Rees, Ray & Wambach, Achim, 2008. "The Microeconomics of Insurance," Foundations and Trends(R) in Microeconomics, now publishers, vol. 4(1–2), pages 1-163, February.
  • Handle: RePEc:now:fntmic:0700000023
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    File URL: http://dx.doi.org/10.1561/0700000023
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    Cited by:

    1. repec:bla:agecon:v:49:y:2018:i:6:p:671-680 is not listed on IDEAS
    2. Lang, Matthias & Wambach, Achim, 2013. "The fog of fraud – Mitigating fraud by strategic ambiguity," Games and Economic Behavior, Elsevier, vol. 81(C), pages 255-275.
    3. repec:kap:geneva:v:43:y:2018:i:2:d:10.1057_s10713-018-0034-y is not listed on IDEAS
    4. Assar Lindbeck & Mats Persson, 2013. "A continuous model of income insurance," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(6), pages 938-960, December.
    5. Dorothee Crayen & Christa Hainz & Christiane Stöh de MartÍnez, 2013. "Remittances, Banking Status and the Usage of Insurance Schemes," Journal of Development Studies, Taylor & Francis Journals, vol. 49(6), pages 861-875, June.
    6. Oñate, Carlos Andrés & Ozaki, Vitor Augusto & Bravo-Ureta, Boris, 2016. "Impact Evaluation of the Brazilian crop insurance public program “Proagro Mais”," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236096, Agricultural and Applied Economics Association.
    7. 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.
    8. repec:pal:genrir:v:43:y:2018:i:2:d:10.1057_s10713-018-0034-y is not listed on IDEAS
    9. 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.
    10. 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.
    11. Pierre Martinon & Pierre Picard & Anasuya Raj, 2018. "On the design of optimal health insurance contracts under ex post moral hazard," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(2), pages 137-185, September.

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