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…
"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…
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 special…
Praise for Structured Finance & Insurance""More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer throu…
La 4e de couv. indique : "Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macro-economic role and risks of insurance markets are surprisingly limited. The core motivation for publishing t…
Pt. 1. The economics of insurance and the macroeconomic role of insurance -- What is insurance and how does it differ from general finance? / Christian Thimann -- The macroeconomic role of insurance / Denis Kessler, Amélie de Montchalin, and Christian Thimann -- How the insuranc…
