[PDF.92ba] Competitive Failures in Insurance Markets: Theory and Policy Implications (CESifo Seminar Series)
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Competitive Failures in Insurance Markets: Theory and Policy Implications (CESifo Seminar Series)
[PDF.lv75] Competitive Failures in Insurance Markets: Theory and Policy Implications (CESifo Seminar Series)
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| #3060682 in eBooks | 2006-06-16 | 2006-06-16 | File type: PDF||About the Author|Pierre-André Chiappori is Professor of Economics at Columbia University.
Christian Gollier is Professor of Economics at the University of Toulouse.
Risk sharing is a cornerstone of modern economies. It is valuable to risk-averse consumers and essential for investment and entrepreneurs. The standard economic model of risk exchange predicts that competition in insurance markets will result in all individual risks being insured--that all diversifiable risks in the economy will be covered through mutual risk-sharing arrangements--but ...
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