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Written for advanced undergraduate and master’s level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics and is illustrated with some timely examples. Covers diverse issues such as risk aversion, expected utility, and moral hazard within the pure theory of insurance Provides a clear exposition of the necessary mathematics, a feature which cannot be found in readers on the topic Utilizes an undergraduate economics major level of math Uses the simplest economic models possible to keep the text intuitive Introduces more mathematically complex techniques such as basic optimization for students wishing to 'go further' in their analysis
Written for advanced undergraduate and master’s level courses, this book builds from a base of asymmetric information issues to discuss a wide array of topics
This book provides an in-depth understanding of international risk management and insurance, their dynamics, and the economic, social, political, and regulatory
The book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and fun
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than
Presenting theoretical foundations and empirical research, this text introduces the reader to the core issues and analytical tools of insurance economics, exami