This paper argues that moderate unemployment insurance not only reduces the uncertainty faced by risk-averse workers but also improves efficiency and raises output. We develop a model in which the decentralized equilibrium is inefficient without unemployment insurance, because the labor market endogenously creates jobs that provide risk-averse workers with low unemployment risk and low wages. E...

We introduce an expected utility approach to price insurance risks in a dynamic Ž nancial market setting. The valuation method is based on comparing the maximal expected utility functions with and without incorporating the insurance product, as in the classical principle of equivalent utility. The pricing mechanism relies heavily on risk preferences and yields two reservation prices—one each fo...

Technical Aid Centers (TACs) in Norway supply devices, such as wheelchairs and hearing aids, to people with handicaps. When a device is returned to a TAC, the TAC staff must decide whether to scrap it or to refurbish it so that it can be used again. The Norwegian National Insurance Administration (NNIA) found that decision makers were scrapping units too frequently, basing their decisions mainl...

This study aims to determine the application of mudharabah contract on Jasindo Syariah KP Insurance. Medan, knowing percentage ratio each product contained in PT. Asuransi KP. and find out about illustration profit sharing calculations from sharia insurance products at Medan. The type research used is descriptive research, with a qualitative approach. conclusions this brief are: First, Implemen...

This paper evaluates the effectiveness of a new index-based livestock insurance (IBLI) product designed to compensate for area average predicted livestock mortality loss in northern Kenya, where previous work has established the presence of poverty traps. We simulate household-specific wealth dynamics based on a model parameterized using rich panel and experimental data from the region. The sim...

In this dissertation we present an overview of the proposals of the International Accounting Standards Board for measurement of insurance assets and liabilities at market value. The Board has not yet finalised a standard for insurance contracts, but a Draft Statement of Principles has been published, providing indication of how fair value accounting will be implemented. We focus on life insuran...

In Germany, with the introduction of the new Arzneimittelmarktneuordnungsgesetz (AMNOG) in 2011, the pricing regulations for newly authorized pharmaceuticals and their reimbursement by statutory health insurance providers has changed. Now, there are three main stakeholders: the Joint Federal Committee (G-BA1), the Institute for Quality and Efficiency in Health Care (IQWiG2) and the National Ass...