Insurance law and insurance economics each have long and distinguished scholarly histories, but participants in the two disciplines have not always communicated well across academic silos. The Handbook encourages more policy-relevant insurance economics scholarship and more economically-sophisticated legal scholarship by bringing together original contributions from leading scholars in insurance law and insurance economics on a range of issues involving insurance law and regulation.
Contents: PART I WHY AND HOW DO CONSUMERS 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. The Income Transfer Effect in Health Insurance Contracts That Pay Off by Reducing Price John 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. Classification Risk and Its Regulation Kenneth S. Abraham and Pierre-Andre Chiappori 7. Disaster Insurance Dwight Jaffee 8. US Healthcare Reform Scott E. Harrington PART III INSURANCE REGULATION 9. Insurance Solvency Regulation: A New World Order? Robert W. Klein and Elizabeth F. Brown 10. Economics of State v. Federal Regulation Martin 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. Settlement Conflict as Artificial Collective-Action Problem Richard Squire 14. Basic Economics of the Defense of Covered Claims Charles Silver 15. The Law and Economics of Liability Insurance: A Theoretical and Empirical Review (reprinted from Research Handbook on The Economics of Torts) Jennifer Arlen, Tom Baker and Peter Siegelman Index
