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Competitive Failures in Insurance Markets: Theory and Policy Implications
1 ofertas de 54.50 a 54.50 €
Chiappori, Pierre-André. 0-262-03352-6 edic.2006 Leading international economists offer new insights on recent developments in the economic analysis of the limits of insurability, with particular attention of adverse selection and moral hazard. Risk sharing is a cornerstone of modern economies. It is valuable to risk-averse consumers and essential for investment and entrepreneurs. The standard economic model of risk exchange predicts that competition in insurance markets will result in all individual risks being insured - that all diversifiable risks in the economy will be covered through mutual risk-sharing arrangeme
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