There is a broad range of literature on the economics of insurance
and risk management. This timely publication contains recent
theoretical contributions to the economics of insurance and
presents empirical tests and applications of the theory to many
different insurance markets. It also offers important insights into
the factors influencing corporate risk management decisions, and
the theoretical underpinnings for why corporations with
well-diversified shareholders would reduce risk. This two-volume
set will be an essential resource to everyone with an interest in
these important subjects.
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