Foundations and Trends® in Microeconomics
THE MICROECONOMICS OF INSURANCE
by Ray Rees (University of Münich) & Achim Wambach (University of Köln)
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.
Published by Now Publishers and marketed by World Scientific
Contents:
- Introduction
- The Demand for Insurance
- The Supply of Insurance
-
Adverse Selection
- Moral Hazard
- Bibliography
Readership: Upper-level undergraduates and graduate students in economics,
insurance and finance, as well as researchers in insurance, regulators and policy makers.
| 176pp |
Pub. date: Feb 2008 |
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