Saturday, 4 May 2019
The Microeconomics of Insurance
The Microeconomics of Insurance Ray Rees, Achim Wambach
In this relatively short survey, the authors 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.