THE EFFICIENCY OF INSURANCE MARKETS.
The paper provides a systematic analysis of various types of behaviour changes induced by insurance, which all tend to increase the insured losses. The welfare implications of these changes as well as the means to improve the working of insurance markets are studied.
| Publicado en: | European Economic Review Vol. 11; no. 4; pp. 321 - 342 |
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| Formato: | Artículo |
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Elsevier B.V.
Dec78
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The paper provides a systematic analysis of various types of behaviour changes induced by insurance, which all tend to increase the insured losses. The welfare implications of these changes as well as the means to improve the working of insurance markets are studied. |
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