In this short and accessible book, Amy Finkelstein#x97;winner of the 2012 John Bates Clark award#x97;tackles the tricky question of moral hazard, which is the tendency to take risks when the cost will be borne by others. Kenneth J. Arrow's seminal 1963 paper, #x93;Uncertainty an…
Moral hazard--the tendency to change behavior when the cost of that behavior will be borne by others--is a particularly tricky question when considering health care. Kenneth J. Arrow's seminal 1963 paper on this topic (included in this volume) was one of the first to explore the…
In this short and accessible book, Amy Finkelstein tackles the tricky question of moral hazard, which is the tendency to take risks when the cost will be borne by others. Kenneth J. Arrow's seminal 1963 paper, "Uncertainty and the Welfare Economics of Medical Care", included in …
In this short and accessible book, Amy Finkelstein—winner of the 2012 John Bates Clark award—tackles the tricky question of moral hazard, which is the tendency to take risks when the cost will be borne by others. Kenneth J. Arrow's seminal 1963 paper, “Uncertainty…
This publication traces the global development of reinsurance from the early 19th-century until today. It gives a detailed account of how the nature of risk itself changed over the last 200 years, and highlights all aspects relevant in shaping the industry including the developm…
This publication traces the global development of reinsurance from the early 19th-century until today. It gives a detailed account of how the nature of risk itself changed over the last 200 years, and highlights all aspects relevant in shaping the industry including the developm…
Reinsurance was a global business from the start the method of spreading and balancing risks in international markets. But this also meant that reinsurance was more heavily exposed to global trends than many other industries. This book gives detailed accounts on how reinsurers d…
Front Cover -- Ruin Probabilities: Smoothness, Bounds, Supermartingale Approach -- Copyright -- Contents -- Preface -- PART 1. SMOOTHNESS OF THE SURVIVAL PROBABILITIES WITH APPLICATIONS -- Chapter 1. Classical Results on the Ruin Probabilities -- 1.1. Classical risk model -- 1.2…
The Incoterms rules define important responsibilities of buyers and sellers for the delivery of goods under sales contracts. They are the authoritative rules for determining how costs and risks are allocated to the parties. Incoterms rules are regularly incorporated into contrac…
The Incoterms rules define important responsibilities of buyers and sellers for the delivery of goods under sales contracts. They are the authoritative rules for determining how costs and risks are allocated to the parties. Incoterms rules are regularly incorporated into contrac…
"This text looks at how non-financial corporations can use structured finance, insurance, and alternative risk transfer to create value through the integrated management of capital and risk. Culp explores their economic rationale, and also includes case studies written by specia…
