The Microeconomics of Insurance presents the core elements of the
microeconomic analysis of insurance markets. The aim of this
analysis is to understand how insurance markets work, their
fundamental economic functions, and how efficiently insurance
markets perform. Topics include the variables influencing the
demand for insurance, the supply of insurance, premium setting,
regulation of insurance markets, adverse selection and moral
hazard. It is presented in a straightforward manner such that it is
accessible to senior undergraduate and graduate economics students,
insurance professionals, and researchers.
General
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