Risky Business: Why Insurance Markets Fail and What to Do about It Einav Liran
Risky Business: Why Insurance Markets Fail and What to Do about It Einav Liran An engaging and accessible examination of what ails insurance markets--and what to do about it--by three leading…
Specifikacia Risky Business: Why Insurance Markets Fail and What to Do about It Einav Liran
Risky Business: Why Insurance Markets Fail and What to Do about It Einav Liran
An engaging and accessible examination of what ails insurance markets--and what to do about it--by three leading economists "The authors . . . Why is pet insurance so expensive? do a masterful job of explaining the intractable complexities created by this socially vital activity."--Martin Wolf, Financial Times, "Best Books of 2022: Economics"Why is dental insurance so crummy?
The answer to these questions lies in understanding how insurance works. Why does your auto insurer ask for your credit score? Unlike the market for other goods and services--for instance, a grocer who doesn't care who buys the store's broccoli or carrots--insurance providers are more careful in choosing their customers, because some are more expensive than others.Unraveling the mysteries of insurance markets, Liran Einav, Amy Finkelstein, and Ray Fisman explore such issues as why