Does economic policy uncertainty matter for insurance development? Evidence from 16 OECD countries
We examine the influence of economic policy uncertainty (EPU) on the liveliness of local
insurance markets across 16 OECD countries during the 1998–2017 period. Our static panel …
insurance markets across 16 OECD countries during the 1998–2017 period. Our static panel …
The dynamics of microinsurance demand in developing countries under liquidity constraints and insurer default risk
We study the dynamics of microinsurance demand by risk‐averse agents who can borrow
and lend subject to a liquidity constraint, and also perceive a risk of insurer default. Liquidity …
and lend subject to a liquidity constraint, and also perceive a risk of insurer default. Liquidity …
Dynamic optimal insurance and lack of commitment
AK Karaivanov, FM Martin - Review of Economic Dynamics, 2015 - Elsevier
We analyze dynamic risk-sharing contracts between profit-maximizing insurers and risk-
averse agents who face idiosyncratic income uncertainty and can self-insure through …
averse agents who face idiosyncratic income uncertainty and can self-insure through …
[PDF][PDF] Blockchains, collateral and financial contracts
A Karaivanov - Discussion Papers, 2021 - sfu.ca
I map the link between financial contracts and the algorithmic tools and constraints of
blockchain technology related to property rights, information, commitment, and enforcement …
blockchain technology related to property rights, information, commitment, and enforcement …
[PDF][PDF] Digital Platforms, Blockchains, and Financial Contracts!
A Karaivanov - 2024 - sfu.ca
I analyze the mapping between fundamental elements of financial contracts and
transactions–property rights, enforcement, commitment, information–and the algorithmic …
transactions–property rights, enforcement, commitment, information–and the algorithmic …
Essays on dynamic contract theory
M Horne - 2016 - search.proquest.com
This dissertation studies the role of asymmetric information in dynamic contracts. Through
two chapters, I examine the relationship between constraints on liquidity and the dynamics …
two chapters, I examine the relationship between constraints on liquidity and the dynamics …
Markov-perfect risk sharing, moral hazard and limited commitment
AK Karaivanov, FM Martin - Journal of Economic Dynamics and Control, 2018 - Elsevier
We define, characterize and compute Markov-perfect risk-sharing contracts in a dynamic
stochastic economy with endogenous asset accumulation and simultaneous limited …
stochastic economy with endogenous asset accumulation and simultaneous limited …
Unemployment insurance with limited commitment wage contracts and savings
R Oikonomou - The BE Journal of Macroeconomics, 2018 - degruyter.com
I present a model of optimal contracts between firms and workers, under limited commitment
and with worker savings. In the model, firms provide insurance against unemployment …
and with worker savings. In the model, firms provide insurance against unemployment …
Market Power and Asset Contractibility in Dynamic Insurance Contracts
A Karaivanov, FM Martin - Available at SSRN 2799144, 2016 - papers.ssrn.com
The authors study the roles of asset contractibility, market power, and rate of return
differentials in dynamic insurance when the contracting parties have limited commitment …
differentials in dynamic insurance when the contracting parties have limited commitment …
Moral hazard and lack of commitment in dynamic economies
A Karaivanov, FM Martin - Available at SSRN 2038950, 2011 - papers.ssrn.com
We revisit the role of limited commitment in a dynamic risk-sharing setting with private
information. We show that a Markov-perfect equilibrium, in which agent and insurer cannot …
information. We show that a Markov-perfect equilibrium, in which agent and insurer cannot …