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Unequal Talents

Colin M. Macleod

in Liberalism, Justice, and Markets: A Critique of Liberal Equality

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293972
eISBN:
9780191599798
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293976.003.0005
Subject:
Political Science, Political Theory

Examines Dworkin's analysis of, and proposed solution to, the problem for egalitarian justice by natural differences in individual talent. Egalitarians seek a distribution that is ambition (or ... More


Disabilities

Colin M. Macleod

in Liberalism, Justice, and Markets: A Critique of Liberal Equality

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293972
eISBN:
9780191599798
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293976.003.0004
Subject:
Political Science, Political Theory

Critically evaluates Dworkin's use of a hypothetical insurance market scheme to illuminate the degree to which justice requires the provision of compensation to persons with significant physical or ... More


A Formal Approach: Capital Market Failures

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

Underlying the failure of CML was an overly simple model that assumed efficient and complete markets. There are, however, problems with externalities and weak or absent insurance markets, especially ... More


Australia and New Zealand: A Tradition Continued—Creating a Domestic Insurance Market

Monica J. Keneley

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0023
Subject:
Business and Management, International Business, Business History

This chapter discusses the development of the insurance industry in Australia and New Zealand. In tracing the history of insurance and reinsurance markets in these countries, four major turning ... More


The Price and Value of Children: The Case of Children’s Insurance in the United States

Viviana A. Zelizer

in Economic Lives: How Culture Shapes the Economy

Published in print:
2010
Published Online:
October 2017
ISBN:
9780691139364
eISBN:
9781400836253
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691139364.003.0003
Subject:
Sociology, Economic Sociology

This chapter considers the development of children's insurance. It argues that the removal of children from the “cash nexus” at the turn of the past century was part of a cultural process of ... More


Switzerland: Insurance and The Need to Export

Martin Lengwiler

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0006
Subject:
Business and Management, International Business, Business History

This chapter traces the history of the Swiss insurance industry. It is remarkable that Switzerland today is one of the centres of the global insurance market given that the Swiss insurance industry ... More


The Structure and Regulation of Insurance Markets

Peter d. Spencer

in The Structure and Regulation of Financial Markets

Published in print:
2000
Published Online:
October 2011
ISBN:
9780198776093
eISBN:
9780191695384
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198776093.003.0003
Subject:
Economics and Finance, Financial Economics

Insurance markets are different and special in many ways compared to other financial markets. From their informational structure, the purchaser or prospective insured or applicant is more likely to ... More


Italy: Building on a Long Insurance Heritage

Giandomenico Piluso

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0007
Subject:
Business and Management, International Business, Business History

This chapter traces the history of the Italian insurance industry. The fall of the Italian economy from its central position in the sixteenth century relegated it from the areas of strongest economic ... More


Korea: Insurance in a Tiger Market

Duol Kim and Myung Hwi Lee

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0022
Subject:
Business and Management, International Business, Business History

This chapter examines the history of the Korean insurance industry. The Korean insurance market had become the tenth largest in the world by 2008, with insurance premiums amounting to approximately ... More


Psychological Barriers

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:
10.1093/0198294182.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

One reaction to proposals for new markets is that the general public will not want to deal in them, because of some psychological inability to appreciate the benefits that the risk management may ... More


India: From a Colonial Outpost to a Leading Market

G. Balachandran

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0019
Subject:
Business and Management, International Business, Business History

This chapter traces the history of the Indian insurance industry. India is considered to be one of the pioneers for the introduction of ‘market insurance’ in Asia. Already in the 1790s British ... More


Real Estate and Other Markets

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:
10.1093/0198294182.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

There are other income factors, besides the aggregate national income and labour income factors discussed in Ch. 4, that contribute as much uncertainty to the incomes of individuals and organizations ... More


United Arab Emirates: Economic Boom and Insurance

Frauke Heard-Bey

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0017
Subject:
Business and Management, International Business, Business History

This chapter traces the history of the insurance industry in the United Arab Emirates. The oil-exporting countries of the Gulf all have a very brief history of exposure to the concept of modern ... More


Spain: International Influence on The Domestic Insurance Market

Jerònia Pons Pons

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0008
Subject:
Business and Management, International Business, Business History

This chapter traces the history of the Spanish insurance industry. One distinguishing characteristic of the Spanish insurance market has been the continuing influence of foreign companies. Whilst ... More


The Affordable Care Act and Commercial Health Insurance Markets: Fixing What’s Broken?

James B. Rebitzer

in The Future of Healthcare Reform In the United States

Published in print:
2015
Published Online:
May 2016
ISBN:
9780226254951
eISBN:
9780226255002
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226255002.003.0013
Subject:
Law, Medical Law

This chapter concerns the impact of the Affordable Care Act (ACA) on the market for commercial health insurance. The analysis is conventional in that it considers whether and how the ACA can address ... 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


Maghreb: Naturalizing Insurance in Algeria, Morocco, and Tunisia

Samir Saul

in World Insurance: The Evolution of a Global Risk Network

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199657964
eISBN:
9780191744709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199657964.003.0016
Subject:
Business and Management, International Business, Business History

For decades, insurance addressed the European enclave communities in North Africa and general principles were adapted to their circumstances. An appendage of Europe's market, the North African market ... More


A Cautionary Warning on Healthcare Exchanges: A Plea for Deregulation

Richard A. Epstein

in The Future of Healthcare Reform In the United States

Published in print:
2015
Published Online:
May 2016
ISBN:
9780226254951
eISBN:
9780226255002
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226255002.003.0014
Subject:
Law, Medical Law

This chapter reviews regulation in the health care market under the Affordable Care Act (ACA). It begins with a description of the difficulties inherent in health care insurance markets. A review of ... More


Case study: insurance services

Robin C. A. White

in Workers, Establishment, and Services in the European Union

Published in print:
2004
Published Online:
March 2012
ISBN:
9780198267768
eISBN:
9780191683367
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198267768.003.0013
Subject:
Law, EU Law

This chapter examines the way in which Community law has regulated insurance services. These have a particular significance for the United Kingdom since the British insurance market is the largest in ... More


Screening

James Bergin

in Microeconomic Theory: A Concise Course

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199280292
eISBN:
9780191602498
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199280290.003.0015
Subject:
Economics and Finance, Microeconomics

Considers the traditional screening model and covers the basic features of screening models, including pooling and separating equilibria.


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