Contributions to Insurance Economics /// Contributions to insurance economics

Twenty papers examine recent research in insurance economics. Part 1 contains six survey articles examining optimality of insurance contracting, liability insurance, moral hazard, adverse selection, insurance pricing, and econometric estimation of accident distributions. Part 2 presents fourteen essays on subjects of current research in (1) the theory of insurance economics, covering nonlinear expected utility, prudence, deviant beliefs, incomplete markets, increases in risk, and ambiguity; (2) problems of information, including moral hazard and competitive markets, adverse selection and probationary periods, incomplete information and risk categorization; and (3) empirical studies on workers‘ compensation, adverse selection, and the effects of no-fault automobile insurance. Dionne is at the University of Montreal. Index.