Microeconomics of insurance

By Ray Rees

Subjects: BUSINESS & ECONOMICS, Mathematical models, Insurance, Risk Assessment & Management, Microeconomics

Description: In this relatively short survey, we present the core elements of the microeconomic analysis of insurance markets at a level suitable for senior undergraduate and graduate economics students. The aim of this analysis is to understand how insurance markets work, what their fundamental economic functions are, and how efficiently they may be expected to carry these out.