Title: Asymmetric Information In Automobile Insurance: An Overview
Abstract: Modern insurance economics has been deeply influenced by the recent developments of contract theory. Our understanding of such crucial aspects as the design of optimal insurance contracts, the form of competition on insurance markets or the role of public regulation, just to name a few, systematically refers to the basic concepts of contract theory — moral hazard, adverse selection, commitment, renegotiation and others. Conversely, it is fair to say that insurance has been, and to a large extend still remains, one of the most important and promising field of empirical application for contract theory.
Publication Year: 1999
Publication Date: 1999-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 19
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