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Efficient Monopolies: The Limits of Competition in the European Property Insurance Market

Thomas von Ungern-Sternberg

Published in print:
2004
Published Online:
April 2004
ISBN:
9780199268818
eISBN:
9780191600890
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199268819.001.0001
Subject:
Economics and Finance, Public and Welfare

Compares the market for property insurance in five European countries, Britain, Spain, France, Switzerland, and Germany. The comparisons are of particular interest, as the regulatory frameworks vary ... More


The Economics of Child Labour

Alessandro Cigno and Furio Camillo Rosati

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199264452
eISBN:
9780191602511
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199264457.001.0001
Subject:
Economics and Finance, Public and Welfare

Why is there child labour? Are there arguments for abolishing or curtailing all forms of child labour, or just morally and physically dangerous ones like soldiering and prostitution? Given that at ... More


Britain

Thomas Von Ungern-Sternberg

in Efficient Monopolies: The Limits of Competition in the European Property Insurance Market

Published in print:
2004
Published Online:
April 2004
ISBN:
9780199268818
eISBN:
9780191600890
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199268819.003.0002
Subject:
Economics and Finance, Public and Welfare

The chapter on property insurance in Britain emphasizes the following points: In property insurance, administrative costs typically use up over 35% of premium income. In the case of terrorism ... More


Introduction

Nicholas Barr

in The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246595
eISBN:
9780191595936
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246599.003.0001
Subject:
Economics and Finance, Public and Welfare

The chapter introduces the core arguments of the book: that the welfare state exists not only to relieve poverty (the ‘Robin Hood’ function) but also to provide insurance and consumption smoothing ... More


The Mirage of Private Unemployment Insurance

Nicholas Barr

in The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246595
eISBN:
9780191595936
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246599.003.0003
Subject:
Economics and Finance, Public and Welfare

Chapter 3 discusses unemployment insurance. Actuarial insurance faces a series of problems including adverse selection and – particularly – moral hazard. It is, therefore, not surprising that private ... More


The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

Nicholas Barr

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246595
eISBN:
9780191595936
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199246599.001.0001
Subject:
Economics and Finance, Public and Welfare

This book applies economic theory to the welfare state. Its core message is that the welfare state exists not only to relieve poverty and redistribute income and wealth (the ‘Robin Hood’ function) ... More


The Market and Information

Nicholas Barr

in The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246595
eISBN:
9780191595936
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246599.003.0002
Subject:
Economics and Finance, Public and Welfare

This chapter sets out the economic theory of the role of the state that underpins the rest of the book. It starts with a simple model – the Fisher model – of rational consumer choice over the life ... More


Problems With Medical Insurance

Nicholas Barr

in The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246595
eISBN:
9780191595936
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246599.003.0004
Subject:
Economics and Finance, Public and Welfare

This chapter explores the wide‐ranging and well‐known problems of medical insurance, including uncertainty about future probabilities, adverse selection, and moral hazard, which lead to uninsurable ... More


Twenty‐First‐Century Insurance Issues

Nicholas Barr

in The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246595
eISBN:
9780191595936
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246599.003.0005
Subject:
Economics and Finance, Public and Welfare

This chapter discusses two issues that will assume increasing salience: the impact of genetic screening on insurance markets and problems of long‐term‐care insurance. Genetic screening affects the ... More


An Overview of the Economic Issues

E. Philip Davis

in Pension Funds: Retirement-Income Security and Capital Markets: An International Perspective

Published in print:
1998
Published Online:
March 2012
ISBN:
9780198293040
eISBN:
9780191684944
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198293040.003.0002
Subject:
Economics and Finance, Financial Economics, Public and Welfare

Pension funds are among the most important institutions in certain national markets. They are usually sponsored by non-financial companies, which collect and invest funds on a pooled basis for ... More


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