The Microeconomics of Insurance

Author(s): Ray Rees;Achim Wambach

Source:
    Journal:Foundations and Trends® in Microeconomics
    ISSN Print:1547-9846,  ISSN Online:1547-9854
    Publisher:Now Publishers
    Volume 4 Number 1–2,

Document Type: Article
Pages: 163(1-163)
DOI: 10.1561/0700000023

Abstract: In this relatively short survey, we present the core elements of the microeconomic analysis of insurance markets at a level suitable for senior undergraduate and graduate economics students. The aim of this analysis is to understand how insurance markets work, what their fundamental economic functions are, and how efficiently they may be expected to carry these out.

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