Does economic policy uncertainty matter for insurance development? Evidence from 16 OECD countries

NP Canh, U Wongchoti, SD Thanh - The Geneva Papers on Risk and …, 2021 - Springer
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 …

The dynamics of microinsurance demand in developing countries under liquidity constraints and insurer default risk

Y Liu, RJ Myers - Journal of Risk and Insurance, 2016 - Wiley Online Library
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 …

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 …

[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 …

[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 …

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 …

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 …

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 …

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 …

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 …