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Equilibrium in Insurance Markets: An Empiricist’s View

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  • Bernard Salanié

    (Columbia University)

Abstract

Empirical models of insurance markets would greatly enhance our ability to understand policy-relevant questions. Yet they are still quite rare. This paper sketches such a model and surveys its basic elements. While much progress has been made in recent years in our understanding of insurance demand in particular, the most crying need is for market-wide data.

Suggested Citation

  • Bernard Salanié, 2017. "Equilibrium in Insurance Markets: An Empiricist’s View," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(1), pages 1-14, March.
    • Handle: RePEc:pal:genrir:v:42:y:2017:i:1:d:10.1057_s10713-017-0019-2
    DOI: 10.1057/s10713-017-0019-2
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