EconStor >
Universität Hamburg (UHH) >
Hamburger Zentrum für Versicherungswissenschaft (HZV) - Institut für Versicherungsbetriebslehre, Universität Hamburg >
Working Papers on Risk and Insurance, Institut für Versicherungsbetriebslehre, Universität Hamburg >

Please use this identifier to cite or link to this item:
Title:When prices hardly matter: Incomplete insurance contracts and markets for repair goods PDF Logo
Authors:Nell, Martin
Richter, Andreas
Schiller, Jörg
Issue Date:2005
Series/Report no.:Working Papers on Risk and Insurance 14
Abstract:This paper locks at markets charaterized by the fact that the demand side is insured. In these markets a consumer purchases a good to compensate consequences of unfavorable events, such as an accident or an illness. Insurance policies in most lines of insurance base indemnity on the insured's actual expenses, i. e., the insured would be partially or completely reimbursed when purchased certain goods. In this setting we discuss the interaction between insurance and repair markets by focusing, on the one hand, upon on development of prices and the market structure in markets with insured customers, and, on the other hand, the resulting backlash on optimal insurance contracting.
incomplete contracts
repair markets
Document Type:Working Paper
Appears in Collections:Working Papers on Risk and Insurance, Institut für Versicherungsbetriebslehre, Universität Hamburg

Files in This Item:
File Description SizeFormat
68022467X.pdf271.71 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.