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The Role of Insurance in the Allocation of Risk

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  • Kihlstrom, Richard
  • Pauly, Mark

Abstract

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Suggested Citation

  • Kihlstrom, Richard & Pauly, Mark, 1971. "The Role of Insurance in the Allocation of Risk," American Economic Review, American Economic Association, vol. 61(2), pages 371-379, May.
  • Handle: RePEc:aea:aecrev:v:61:y:1971:i:2:p:371-79
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    Cited by:

    1. Dionne, Georges & Harrington, Scott, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
    2. Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
    3. Dionne, Georges, 1981. "Le risque moral et la sélection adverse : une revue critique de la littérature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 57(2), pages 193-224, avril-jui.
    4. José S. Penalva, 2003. "A Study of the Interaction of Insurance and Financial Markets: Efficiency and Full Insurance Coverage," Working Papers 286, Barcelona School of Economics.

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