| Vorliegende Sprache |
eng |
| Hinweise auf parallele Ausgaben |
399906932 Druckausg.: ‡Handbook of insurance |
| ISBN |
978-1-4614-0154-4 |
| Name |
Dionne, Georges |
| T I T E L |
Handbook of Insurance |
| Auflage |
2nd ed. 2014 |
| Verlagsort |
New York, NY [u.a.] |
| Verlag |
Springer |
| Erscheinungsjahr |
2013 |
| 2013 |
| Umfang |
Online-Ressource (XXVI, 1126 p. 142 illus., 33 illus. in color, online resource) |
| Reihe |
SpringerLink. Bücher |
| Notiz / Fußnoten |
Description based upon print version of record |
| Weiterer Inhalt |
Preface; Contents; Contributors; Referees; Introduction; 1 Developments in Risk and Insurance Economics: The Past 40 Years; 1.1 Introduction; 1.2 Insurance Economics in 1973; 1.2.1 Borch1962a (Borch1962a); 1.2.2 Arrow1963a (Arrow1963a); 1.2.3 Mossin1968a (Mossin1968a); 1.2.4 Ehrlich1972 (Ehrlich1972); 1.2.5 Joskow1973 (Joskow1973); 1.3 Developments: Optimal Insurance and Protection; 1.3.1 The Demand for Insurance; 1.3.2 Insurance, Consumption, and Saving; 1.3.3 Self-protection and Self-insurance; 1.3.4 The Demand for Liability Insurance; 1.3.5 Other Contributions. 1.4 Developments: Markets Under Asymmetric Information1.4.1 Moral Hazard; 1.4.2 Adverse Selection; 1.4.3 Moral Hazard and Adverse Selection; 1.5 Developments: Insurance Market Structure; 1.6 New Approaches: Finance and Insurance; 1.6.1 Portfolio Theory and the CAPM; 1.6.2 Option Pricing Theory; 1.6.3 Insurance and Corporate Finance; 1.6.4 Insurance and Financial Markets; 1.7 Conclusion; References; 2 Higher-Order Risk Attitudes; 2.1 Introduction; 2.2 Higher-Order Attitudes as Risk Apportionment; 2.3 Risk Attitudes and Expected Utility; 2.4 Pairing Good Outcomes with Bad Ones. 2.5 Precautionary Motives2.6 Multivariate Preferences; 2.7 Multiplicative Risks; 2.8 Concluding Remarks; References; 3 Non-Expected Utility and the Robustness of the Classical Insurance Paradigm; 3.1 Introduction; 3.2 Non-expected Utility Preferences and Generalized Expected Utility Analysis; 3.2.1 Graphical Depictions of Non-expected Utility Preferences; 3.2.2 Algebraic Analysis of Non-expected Utility Preferences; 3.3 Individual Demand for Insurance; 3.3.1 Demand for Coinsurance; 3.3.1.1 Demand for Deductible Insurance; 3.4 Pareto-Efficient Bilateral Insurance Contracts. 3.5 Pareto-Efficient Multilateral Risk Sharing3.6 Self-Insurance versus Self-Protection; 3.7 Outcome Kinks and First-Order Risk Aversion; 3.8 RankDependent Risk Preferences; 3.9 Insurance as a Source of Nonexpected Utility Preferences; 3.10 Insurance in the Presence of Ambiguity and Ambiguity Aversion; 3.11 Conclusion; References; 4 The Economics of Optimal Insurance Design; 4.1 Introduction; 4.2 The Basic Framework; 4.2.1 The Model; 4.2.2 The Concepts of Risk Aversion; 4.2.3 On the Optimality of Partial Insurance; 4.3 The Case of Linear Transaction Costs. 4.3.1 Deterministic Indemnity Schedule4.3.2 Optimality of a Deductible Policy; 4.3.3 Optimal Deductible; 4.4 Nonlinear Transaction Costs; 4.4.1 Stochastic Indemnity Schedule; 4.4.2 No Overinsurance; 4.4.3 Optimal Design of the Indemnity Schedule; 4.5 Other Reasons for Partial Insurance; 4.5.1 Errors in Observation; 4.5.2 Risk Aversion of the Insurer; 4.5.3 Heterogeneity and Ambiguity of Beliefs; 4.6 Conclusion; References; 5 The Effects of Changes in Risk on Risk Taking: A Survey; 5.1 Introduction; 5.2 A Simple Model; 5.3 Detrimental Changes in Risk; 5.3.1 First-Order Stochastic Dominance. 5.3.2 Second-Order Stochastic Dominance. PrefaceIntroduction -- Part 1: History -- Developments in Risk and Insurance Economics: the Past 40 Years -- Part 2 : Risk and Insurance Theory Without Information Problems -- Higher-Order Risk Attitudes -- Non-Expected Utility and the Robustness of the Classical Insurance Paradigm -- The Economics of Optimal Insurance Design -- The Effects of Changes in Risk on Risk Taking: A Survey -- Risk Measures and Dependence Modeling -- The Theory of Insurance Demand.-Prevention and Precaution -- Part 3 : Asymmetric Information: Theory -- Optimal Insurance Contracts under Moral Hazard -- Adverse Selection in Insurance Contracting -- The Theory of Risk Classification -- The Economics of Liability Insurance -- Economic Analysis of Insurance Fraud -- Part 4: Asymmetric Information: Empirical Analysis -- Asymmetric Information in Insurance Markets: Predictions and Tests -- The Empirical Measure of Information Problems with Emphasis on Insurance Fraud and Dynamic Data -- Workers’ Compensation: Occupational Injury Insurance’s Influence on the Workplace -- Experience Rating in Non-Life Insurance -- Part 5 : Risk Management -- On the Demand for Corporate Insurance - Creating Value -- Managing Catastrophic Risks through Redesigned Insurance: Challenges and Opportunities -- Innovations in Insurance Markets: Hybrid and Securitized Risk-Transfer Solutions -- Risk Sharing and Pricing in the Reinsurance Market -- Part 6 : Insurance Pricing -- Financial Pricing of Insurance -- Insurance Price Volatility and Underwriting Cycles -- Part 7 : Industrial Organization of Insurance Markets -- On the Choice of Organizational Form: Theory and Evidence from the Insurance Industry -- Insurance Distribution -- Corporate Governance in the Insurance Industry: A Synthesis -- Systemic Risk and the Insurance Industry -- Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods -- Capital Allocation and its Discontents -- Capital and Risks Interrelationships in the Life and Health Insurance Industries: Theories and Applications -- Insurance Market Regulation: Catastrophe Risk, Competition, and Systemic Risk -- Insurance Markets in Developing Countries: Economic Importance and Retention Capacity -- Part 8: Health and Long-Term Care Insurance, Longevity Risk, Life Insurance, and Social Insurance -- Health Insurance in the United States -- Longevity Risk and Hedging Solutions -- Long-Term Care Insurance -- New Life Insurance Financial Products -- The Division of Labor Between Private and Social Insurance. |
| Titelhinweis |
Druckausg.: ‡Handbook of insurance |
| ISBN |
ISBN 978-1-4614-0155-1 |
| Klassifikation |
K |
| BUS000000 |
| KFFN |
| BUS033000 |
| *91-00 |
| 91-06 |
| 91B30 |
| 00B15 |
| 368 |
| 657.836 |
| 330 |
| HG8011-9999 |
| QR 560 |
| Kurzbeschreibung |
Preface -- Introduction -- Part 1: History -- Developments in Risk and Insurance Economics: the Past 40 Years -- Part 2 : Risk and Insurance Theory Without Information Problems -- Higher-Order Risk Attitudes -- Non-Expected Utility and the Robustness of the Classical Insurance Paradigm -- The Economics of Optimal Insurance Design -- The Effects of Changes in Risk on Risk Taking: A Survey -- Risk Measures and Dependence Modeling -- The Theory of Insurance Demand.-Prevention and Precaution -- Part 3 : Asymmetric Information: Theory -- Optimal Insurance Contracts under Moral Hazard -- Adverse Selection in Insurance Contracting -- The Theory of Risk Classification -- The Economics of Liability Insurance -- Economic Analysis of Insurance Fraud -- Part 4: Asymmetric Information: Empirical Analysis -- Asymmetric Information in Insurance Markets: Predictions and Tests -- The Empirical Measure of Information Problems with Emphasis on Insurance Fraud and Dynamic Data -- Workers’ Compensation: Occupational Injury Insurance’s Influence on the Workplace -- Experience Rating in Non-Life Insurance -- Part 5 : Risk Management -- On the Demand for Corporate Insurance - Creating Value -- Managing Catastrophic Risks through Redesigned Insurance: Challenges and Opportunities -- Innovations in Insurance Markets: Hybrid and Securitized Risk-Transfer Solutions -- Risk Sharing and Pricing in the Reinsurance Market -- Part 6 : Insurance Pricing -- Financial Pricing of Insurance -- Insurance Price Volatility and Underwriting Cycles -- Part 7 : Industrial Organization of Insurance Markets -- On the Choice of Organizational Form: Theory and Evidence from the Insurance Industry -- Insurance Distribution -- Corporate Governance in the Insurance Industry: A Synthesis -- Systemic Risk and the Insurance Industry -- Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods -- Capital Allocation and its Discontents -- Capital and Risks Interrelationships in the Life and Health Insurance Industries: Theories and Applications -- Insurance Market Regulation: Catastrophe Risk, Competition, and Systemic Risk -- Insurance Markets in Developing Countries: Economic Importance and Retention Capacity -- Part 8: Health and Long-Term Care Insurance, Longevity Risk, Life Insurance, and Social Insurance -- Health Insurance in the United States -- Longevity Risk and Hedging Solutions -- Long-Term Care Insurance -- New Life Insurance Financial Products -- The Division of Labor Between Private and Social Insurance |
| 2. Kurzbeschreibung |
What a pleasure it is to discover the second edition of the Handbook of Insurance, twelve years after the first! Many key concepts at the core of risk, uncertainty and insurance economics have been further refined, reassessed, and reanalyzed. New issues have emerged, including systemic risk, longevity risk, long-term care, the corporate governance of insurance companies, capital allocation within insurance companies and alternative risk transfer devices. I have a simple wish: that this handbook be diffused to as wide an audience as possible, both in academic and professional spheres. Denis Kessler Chairman and CEO of SCOR This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants, and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets, and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products, and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others |
| 1. Schlagwortkette |
Versicherung |
| Wirtschaftstheorie |
| ANZEIGE DER KETTE |
Versicherung -- Wirtschaftstheorie |
| 2. Schlagwortkette |
Versicherungswirtschaft |
| Versicherungswissenschaft |
| ANZEIGE DER KETTE |
Versicherungswirtschaft -- Versicherungswissenschaft |
| 3. Schlagwortkette |
Versicherung |
| Wirtschaftstheorie |
| ANZEIGE DER KETTE |
Versicherung -- Wirtschaftstheorie |
| 4. Schlagwortkette |
Versicherungswirtschaft |
| Versicherungswissenschaft |
| ANZEIGE DER KETTE |
Versicherungswirtschaft -- Versicherungswissenschaft |
| SWB-Titel-Idn |
39952374X |
| Signatur |
Springer E-Book |
| Bemerkungen |
Elektronischer Volltext - Campuslizenz |
| Elektronische Adresse |
$uhttp://dx.doi.org/10.1007/978-1-4614-0155-1 |
| Internetseite / Link |
Volltext |
| Siehe auch |
Volltext |
| Siehe auch |
Verlag |
| Siehe auch |
Cover |
| Siehe auch |
Inhaltstext |
