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The Golden Rule

Ken Binmore

in Natural Justice

Published in print:
2005
Published Online:
January 2007
ISBN:
9780195178111
eISBN:
9780199783670
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195178111.003.0009
Subject:
Economics and Finance, Microeconomics

This chapter reviews the relevant anthropology, starting with the apparent universality of the golden rule — do as you would be done by — in hunter-gatherer societies. It points out that all pure ... 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


Contracting

MALCOLM CLARKE

in Policies and Perceptions of Insurance Law in the Twenty-First Century

Published in print:
2005
Published Online:
March 2012
ISBN:
9780199273300
eISBN:
9780191699672
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199273300.003.0004
Subject:
Law, Law of Obligations

The rules of law governing the formation of contracts of insurance are the same as those which govern the formation of most other kinds of contract: the ritual matching of offer and acceptance. This ... More


INSURANCE 1

Malcolm Clarke

in English Private Law

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199661770
eISBN:
9780191778612
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199661770.003.0013
Subject:
Law, Law of Obligations, Company and Commercial Law

This chapter first looks at the formation of insurance contracts on the basis of mutual consent. It then considers the effect of flaws in consent brought about by mistake, misrepresentation and, a ... More


The Sequel: Perceptions of the Past and of the Future

MALCOLM CLARKE

in Policies and Perceptions of Insurance Law in the Twenty-First Century

Published in print:
2005
Published Online:
March 2012
ISBN:
9780199273300
eISBN:
9780191699672
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199273300.003.0009
Subject:
Law, Law of Obligations

No better illustration of insecurity can be found than in the amount of discretion that the law allows insurers, especially when a claim is brought and the insurer's claims department ‘smells’ fraud. ... More


Policies and Perceptions of Insurance Law in the Twenty-First Century

Malcolm Clarke

Published in print:
2005
Published Online:
March 2012
ISBN:
9780199273300
eISBN:
9780191699672
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199273300.001.0001
Subject:
Law, Law of Obligations

This book provides a critical introduction to the English law of insurance contracts and presents the rules in both their legal and socio-economic contexts. The book first sets out the principles, ... More


The Construction of Index Numbers for Contract Settlement

Robert J. Shiller

in Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198294184
eISBN:
9780191596926
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294182.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

When creating indices intended for use in cash settlement of futures contracts (or perpetual claims or options, or swaps, or other over‐the‐counter forward contracts or retail insurance contracts), ... More


The IASB and the FASB Rush to Complete the Convergence Programme

Kees Camfferman and Stephen A. Zeff

in Aiming for Global Accounting Standards: The International Accounting Standards Board, 2001–2011

Published in print:
2015
Published Online:
June 2015
ISBN:
9780199646319
eISBN:
9780191800719
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199646319.003.0016
Subject:
Business and Management, Finance, Accounting, and Banking, International Business

Until June 2011, the IASB and the FASB worked at a frantic pace to complete the convergence work programme included in their Memorandum of Understanding. Much of the drive came from the IASB, which ... More


Ceilings on Nonmonetary and Total Losses

A. Sloan Frank and M. Chepke Lindsey

in Medical Malpractice

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262195720
eISBN:
9780262283809
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262195720.003.0005
Subject:
Economics and Finance, Public and Welfare

Some tort reforms in effect transfer money from injury victims and their attorneys to health care providers. Flat caps on damages, the overwhelming favorite of the lobbies for provider organizations, ... More


The IASB Sets its Agenda: ‘Improvement, Convergence, Leadership’

Kees Camfferman and Stephen A. Zeff

in Aiming for Global Accounting Standards: The International Accounting Standards Board, 2001–2011

Published in print:
2015
Published Online:
June 2015
ISBN:
9780199646319
eISBN:
9780191800719
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199646319.003.0005
Subject:
Business and Management, Finance, Accounting, and Banking, International Business

The IASB was free to set its own agenda of technical projects, building on the inherited corpus of IASC standards. A part of the initial agenda continued the IASC’s policy of improving standards in ... More


Public Provision of Liquidity in a Closed Economy

Holmström Bengt and Tirole Jean

in Inside and Outside Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262015783
eISBN:
9780262295536
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262015783.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter investigates the nature of missing insurance contracts, and from this looks at countercyclical policies. It points out the state’s comparative advantage in enforcing transfers in ... More


Complete Markets

Tullio Jappelli and Luigi Pistaferri

in The Economics of Consumption: Theory and Evidence

Published in print:
2017
Published Online:
October 2017
ISBN:
9780199383146
eISBN:
9780199383160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199383146.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

The chapter presents a model with complete markets, a situation in which consumers can access a full set of insurance contracts and are protected against any possible risk. Although in this model ... More


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