Insurance Equilibria: Literature Survey

Raimo Voutilainen

Abstract


The theory of economic equilibria is an important part of mathematical economics, and the theory of insurance equilibria a significant special case thereof. The origins of the theory of economic equilibria date back to early 1800’s, and it has developed strongly during the last seventy years.  The insurance equilibria have been studied since 1970’s. We give a literature survey covering the most important research on insurance equilibria since 1980’s.

After an extensive chapter on the background to economic and insurance equilibria we discuss insurance market equilibrium, reinsurance, insurance markets with asymmetric information, adverse selection, monopolistic / competitive insurance markets, deposit insurance, moral hazard, Internet, signalling, reputation, linear equilibria, Nash equilibria, other research and remarks on the Finnish insurance market. We finish with concluding remarks.

The purpose of this paper is to help researchers to discover relevant papers in the field of insurance equilibria.


Full Text:

PDF

Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 Raimo Voutilainen

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.