Research Handbook on the Economics of Insurance Law

Daniel Schwarcz, Peter Siegelman (Herausgeber)

Buch | Hardcover

552 Seiten

2015
Edward Elgar Publishing Ltd (Verlag)
978-1-78254-713-6 (ISBN)

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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

Edited by Daniel Schwarcz, Professor, University of Minnesota Law School and Peter Siegelman, Professor, University of Connecticut Law School, US

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-André 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

Erscheint lt. Verlag	28.8.2015
Reihe/Serie	Research Handbooks in Law and Economics series
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
	Recht / Steuern ► Wirtschaftsrecht ► Handelsrecht
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-78254-713-4 / 1782547134
ISBN-13	978-1-78254-713-6 / 9781782547136
Zustand	Neuware