Published in 2016 in The Journal of Risk and Insurance, Volume 83, Issue 1.
AUTHORS: Glenn W. Harrison and Andreas Richter
ABSTRACT: The generic insurance product involves an agent giving up a certain amount of money ex ante some risky event in the expectation of being given some money in the future if… more »
Published in 2016 in The Journal of Risk and Insurance, Volume 83, Issue 1.
AUTHORS: Glenn W. Harrison and Jia Min Ng
ABSTRACT: Economic theory tells us how to evaluate the expected welfare gain from insurance products on offer to individuals. If we know the risk preferences of the individual, and subjective beliefs… more »
Published in 2016 in The Journal of Risk and Insurance, Volume 83, Issue 1.
AUTHORS: Jan V. Hansen, Rasmus H. Jacobsen, and Morten I. Lau
ABSTRACT. We estimate the maximum amount that Danish households are willing to pay for three different types of insurance: auto, home and house insurance. We use a… more »
