S Hun Seog

The Economics of Risk and Insurance

• Gebundenes Buch

Produktbeschreibung

The Economics of Risk and Insurance covers diverse issues such as risk aversion, expected utility, and information asymmetry within the pure theory of insurance. It then expands upon this framework to include crucial applied issues such as insurer's organization, marketing channels, and insurance fraud, summarizing the important results in relevant literature. By keeping the level of math used in the analyses at the undergraduate economics-major level, and by providing proofs with fully explicated results, Seog has written a text that is highly intuitive to students.

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Produktdetails

• Verlag: Wiley
• Seitenzahl: 352
• Erscheinungstermin: 15. März 2010
• Englisch
• Abmessung: 237mm x 159mm x 35mm
• Gewicht: 647g
• ISBN-13: 9781405185523
• ISBN-10: 140518552X
• Artikelnr.: 29134983

Autorenporträt

S. Hun Seog is Professor of Finance and Insurance at the Graduate School of Business, Seoul National University. He received his PhD in Risk and Insurance from the Wharton School. His research areas include the economics of risk and insurance, corporate finance, and their applications. His academic papers have been published in Journal of Risk and Insurance, Geneva Papers on Risk and Insurance Theory, Asia-Pacific Journal of Risk and Insurance, International Economic Review, Marketing Science, and European Journal of Operational Research.

Inhaltsangabe

0. Introduction.
Part I: Fundamentals of Insurance.
1. Risk and Expected Utility.
2. Risk Aversion and Riskiness.
3. Principles of Insurance: Risk Sharing and Transfer.
Part II: Demand for Insurance and Insurance Contract.
4. Risk Aversion and Insurance.
5. Corporate Insurance and Risk Management.
6. Liability and Insurance.
Part III: Information and Insurance Contract.
7. Basic Adverse Selection Models.
8. Advanced Topics in Adverse Selection.
9. Moral Hazard.
10. Ex Post Moral Hazard and Fraud.
Part IV: Insurance Market.
11. Insurer Organization.
12. Competition in the Insurance Market.
13. Insurance Cycle and Capacity.
Part V: Insurer Management.
14. Insurance Distribution Systems.
15. Insurance Pricing.

Rezensionen

"Seog's book provides a nice primer on the theoreticalportion of insurance economics while linking to the empiricalstudies in the field. Its solid list of reference for furtherreading for each topic will help students as they move throughtheir course of study and develop their own research stream. Agreat reference for any doctoral student in the area."
--Kathleen A. McCullough, Florida State University

"The more I read this book, the more I like it. It providestheoretical analyses for a complete set of insurance topics, and iseasy to read even though the concepts are complex. Every insurancePh.D. student needs to read this book."
--Gene C. Lai, Washington State University