FOUNDING WORKS OF INSURANCE ECONOMICS

The Economics of Insurance Intermediaries

This article analyzes the economic functions of independent insurance intermediaries (brokers and independent agents), focusing on the commercial property–casualty insurance market. The article investigates the functions performed by intermediaries, the competitiveness of the market, the compensation arrangements for intermediaries, and the process by which policies are placed with insurers. In...

The Economics of Life Insurance Settlement

We investigate the effects of the settlement market of life insurance policies on the monopolistic insurer's profit and social welfare. We assume that consumers differ only in their liquidity needs, and that the insurer cannot discriminate consumers based on their liquidity needs. When the settlement market incurs no costs, we find that the existence of the settlement market enhances social wel...

Essays on Insurance and Health Economics

Healthcare.gov 3.0--behavioral economics and insurance exchanges.

695 areas for the initiation of elimination programs. Initial mapping of areas of high endemicity could be based on surveys conducted by local field teams using pictorial guides of clinical manifestations of yaws. Progress toward the elimination of transmission could be monitored by means of point-of-care serologic surveys for latent yaws in children.4 Finally, as with mass drugadministration p...

The role of economics in global management of whales: re-forming or re-founding IWC?

The global management of whale species, identified as an economic mixed good, is addressed by means of economic theory of bargaining and institution making. I will analyse (i) why it is important to take into account explicitly both (consumptive) use and non-use values within international conventions on global mixed goods; (ii) the role and nature of institutions dealing with global issues; (i...