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Foundations of Insurance Economics - Readings in Economics and Finance (Hardcover, 1992 ed.)
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Foundations of Insurance Economics - Readings in Economics and Finance (Hardcover, 1992 ed.)
Series: Huebner International Series on Risk, Insurance and Economic Security, 14
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Economic and financial research on insurance markets has undergone
dramatic growth since its infancy in the early 1960s. Our main
objective in compiling this volume was to achieve a wider
dissemination of key papers in this literature. Their significance
is highlighted in the introduction, which surveys major areas in
insurance economics. While it was not possible to provide
comprehensive coverage of insurance economics in this book, these
readings provide an essential foundation to those who desire to
conduct research and teach in the field. In particular, we hope
that this compilation and our introduction will be useful to
graduate students and to researchers in economics, finance, and
insurance. Our criteria for selecting articles included
significance, representativeness, pedagogical value, and our desire
to include theoretical and empirical work. While the focus of the
applied papers is on property-liability insurance, they illustrate
issues, concepts, and methods that are applicable in many areas of
insurance. The S. S. Huebner Foundation for Insurance Education at
the University of Pennsylvania's Wharton School made this book
possible by financing publication costs. We are grateful for this
assistance and to J. David Cummins, Executive Director of the
Foundation, for his efforts and helpful advice on the contents. We
also wish to thank all of the authors and editors who provided
permission to reprint articles and our respective institutions for
technical and financial support.
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