Research handbook on the economics of insurance law

Author(s)

• Schwarcz, Daniel
• Siegelman, Peter (Professor of law)

Bibliographic Information

Research handbook on the economics of insurance law

edited by Daniel Schwarcz, Peter Siegelman

（Research handbooks in law and economics）

Edward Elgar, c2015

• : hbk

Note

Includes bibliographical references and index

Description and Table of Contents

Description

The fields of insurance law and insurance economics have long and distinguished scholarly histories, but participants in the two disciplines have not always communicated well across academic silos. This Handbook encourages more policy-relevant insurance economics scholarship and more economically sophisticated legal scholarship by bringing together original contributions from leading scholars in both fields. The benefits of this inter-disciplinary approach are introduced and illustrated in four comprehensive sections: - Why and how do individuals purchase insurance? - The role of the state in insurance markets - The regulation of insurance - Insurance law in the courts. Overall, this Handbook synthesizes the insights of insurance economics with the flourishing body of economically oriented research in insurance law. As well as providing a new approach for scholars, the Handbook will prove a useful reference for insurance lawyers and insurance regulators owing to its policy relevant, practical approach. Contributors: K.S. Abraham, D. Asmat, R. Avraham, T. Baker, E.F. Brown, P.-A. Chiappori, M.F. Grace, S.E. Harrington, D. Jaffee, R.W. Klein, H.C. Kunreuther, J. Kwak, K.D. Logue, J.A. Nyman, M.V. Pauly, D. Schwarcz, P. Siegelman, C. Silver, R. Squire, S. Tennyson

Table of Contents

Contents: Introduction Daniel Schwarcz and Peter Siegelman PART I WHY AND HOW DO INDIVIDUALS PURCHASE INSURANCE? 1. Behavioral Economics and Insurance: Principles and Solutions Howard C. Kunreuther and Mark V. Pauly 2. Insurance Agents in the 21st Century: The Problem of Biased Advice Daniel Schwarcz and Peter Siegelman 3. Moral and Other Hazards of Economic Analysis of Health Insurance John A. Nyman 4. Does The Theory of Insurance Support Awarding Pain and Suffering Damages in Torts? Ronen Avraham PART II THE ROLE OF THE STATE IN INSURANCE MARKETS 5. "Social Insurance," Risk Spreading, and Redistribution James Kwak 6. Catastrophe Insurance Dwight Jaffee 7. US Healthcare Reform Scott E. Harrington PART III INSURANCE REGULATION 8. Insurance Solvency Regulation: A New World Order? Elizabeth F. Brown and Robert W. Klein 9. Classification Risk and its Regulation Kenneth S. Abraham and Pierre-Andre Chiappori 10. Economics of State versus Federal Regulation Martin F. Grace PART IV COURTS AND INSURANCE 11. Mandatory Rules and Default Rules in Insurance Contracts Tom Baker and Kyle D. Logue 12. The Law and Economics of Insurance Bad Faith Liability Daniel Asmat and Sharon Tennyson 13. Basic Economics of the Defense of Covered Claims Charles Silver 14. The Artificial Collective-Action Problem in Lawsuits Against Insured Defendents Richard Squire 15. The Law and Economics of Liability Insurance: A Theoretical and Empirical Review Tom Baker and Peter Siegelman Index

by "Nielsen BookData"

Details

• NCID: BB19468097
• ISBN:
  • 9781782547136
• LCCN: 2015933448
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cheltenham
• Pages/Volumes: viii, 541 p.
• Size: 24 cm
• Classification:
  • DC23 : 346.086
• Subject Headings:
  • LCSH : Insurance law
  • LCSH : Insurance law -- Economic aspects
• Parent Bibliography ID:
  • BB0289432X