IDEAS home Printed from https://ideas.repec.org/a/prg/jnlcfu/v2006y2006i1id134p150-162.html
   My bibliography  Save this article

Dopady kvalitativních změn v charakteru rizik na problém asymetrie informace na pojistných trzích

Author

Listed:
  • Eva Ducháčková
  • Jaroslav Daňhel

Abstract

The Nobel Prize award to scientists for thier theoretical contribution to analysis of markets with asymmetrical informations has reawakened debates on the behavior and decision-making of economic player under uncertainty. Becouse insurance is an classic example of such a situation, it is used to illustrate the cases of asymmetry, for the clients is supposed to know better his own exposure then the insurer. In fact, the client´s objective exposure apriori be cannot quantified from the point of wiew of exact sciencis and his decision is futher influenced by psychological and sociological faktors. The insurer is better equipped to make calculations, drawing on past experience and using the laws of statistics, furtermore, he takes antiselection on account. The final part of the paper explores the field of insurance market regulation in relation to the asymmetry of information between an insurance company and its client.

Suggested Citation

  • Eva Ducháčková & Jaroslav Daňhel, 2006. "Dopady kvalitativních změn v charakteru rizik na problém asymetrie informace na pojistných trzích," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2006(1), pages 150-162.
    • Handle: RePEc:prg:jnlcfu:v:2006:y:2006:i:1:id:134:p:150-162
    DOI: 10.18267/j.cfuc.134
    as

    Download full text from publisher

    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.134.html
    Download Restriction: free of charge
    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.134.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.cfuc.134?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Decision under uncertainty; Asymmetric information on insurance market; Consequences for supervisory; Rozhodování při nejistotě; Asymetrie informace na pojistných trzích; Důsledky pro dohled;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlcfu:v:2006:y:2006:i:1:id:134:p:150-162. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.