Readings in Insurance Economics
Transcrição
Readings in Insurance Economics
INSTITUT FÜR RISIKOMANAGEMENT UND VERSICHERUNG INSTITUTE FOR RISK MANAGEMENT AND INSURANCE Lecture Readings in Insurance Economics Lecturers Chair or Institute Institute for Risk Management and Insurance Lecturer: Prof. Mark Browne, Ph.D. (St. John’s University) Contact: Dipl.-Math. Verena Jäger (e-mail: [email protected]) Time & Location: The course will be blocked from July 8th to July 24th, 2014 (A detailed course outline is provided below). Class location: Schackstr. 4/III, room 307 (Seminarraum) Credits: MBR course (B/I module), counts as 2 contact hours. Grades will be based on class participation and a paper presentation. Course Description The course familiarizes doctoral students with scholarly research in the field of risk management and insurance. In order to attend and successfully pass the course a profound prior knowledge of risk management and insurance related topics and literature is required. The course involves reading research papers that have been published in the field of risk management and insurance, as well as several working papers that are currently being reviewed for possible publication. Students are required to carefully read the studies contained in the syllabus and be prepared to discuss them in depth. Each session each student will be responsible for leading discussion on a topic. In order to effectively lead discussion and share information, discussion leaders are encouraged to prepare overheads and handouts. The research paper readings will be available on the course web page in advance. LEITUNG Professor Dr. Andreas Richter INTERNET http://www.inriver.bwl.uni-muenchen.de BÜRO Schackstraße 4 / III. OG ERREICHBAR MIT U3/U6 Universität -2- Assignement/Grades Grades will be based on class participation and a paper presentation. Topics will be assigned prior to the beginning of class. Course Outline Date July 8 Time 10:30am-noon July 10 July 15 10:30am-noon 10:30am-noon July 17 July 22 July 24 10:30am-noon 10:30am-noon 10:30am-noon Topic [CAMS]: Does National Flood Insurance Program Participation Induce Housing Development? Health Insurance [CAMS]: Prohibitions on Health Insurance Underwriting: A Means of Making Health Insurance Available or a Cause of Market Failure? Discrimination, Underwriting and Claims Reserve Error Manipulation [CAMS]: The Impact of Life Changing Events and the 2008 Financial Crisis Required Readings July 8: CAMS Does National Flood Insurance Program Participation Induce Housing Development? July 10: Health Insurance Brown, J.R., and A. Finkelstein, 2008, The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market, American Economic Review, 98(3): 1083-1102. Manning, W.G., Newhouse, J.P., Duan, N. Keeler, E.B., Leibowitz, A., and M.S. Marquis, 1987, Health Insurance and the Demand for Medical Care: Evidence from a Randomized Experiment, American Economic Review, 77(3): 251-277. Cutler, D.M., and J. Gruber, 1996, Does Public Insurance Crowd Out Private Insurance? Quarterly Journal of Econcomics, 111(2): 391-430. July 15: CAMS and Adverse Selection Browne, M.J., 1992, Evidence of Adverse Selection in the Individual Health Insurance Market, Journal of Risk and Insurance, 59(1): 13-33. Puelz, R., and A. Snow, 1994, Evidence on Adverse Selection: Equilibrium Signaling and CrossSubsidization in the Insurance Market, Journal of Political Economy, 102(2): 236-257. LEITUNG Professor Dr. Andreas Richter INTERNET http://www.inriver.bwl.uni-muenchen.de BÜRO Schackstraße 4 / III. OG ERREICHBAR MIT U3/U6 Universität -3- July 17: Discrimination, Underwriting and Claims Halek, M., and J.G. Eisenhauer, 2001, Demography of Risk Aversion, Journal of Risk and Insurance, 68(1): 1-24. Brown, J.R., and A. Goolsbee, 2002, Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry, Journal of Political Economy, 110(3): 481-507. Doerpinghaus, H.I., Schmit, J.T., and J.H. Yeh, 2008, Age and Gender Effects on Auto Liability Insurance Payouts, Journal of Risk and Insurance, 75(3): 527-550. July 22: Reserve Error Manipulation Petroni, K.R., 1992, Optimistic Reporting in the Property-Casualty Insurance Industry, Journal of Accounting and Economics, 15(4): 485-508. Gaver, J.J., and J.S. Paterson, 2001, The Association between External Monitoring and Earnings Management in the Property-Casualty Insurance Industry, Journal of Accounting Research, 39(2): 269-282. Eckles, D.L., and M. Halek, 2010, Insurer Reserve Error and Executive Compensation, Journal of Risk and Insurance, 77(2): 329-346. July 24: CAMS Mark Browne, Verena Jaeger and Petra Steinorth, 2014, Variable Individual Risk Preferences – The Impact of Life Changing Events and the 2008 Financial Crisis. LEITUNG Professor Dr. Andreas Richter INTERNET http://www.inriver.bwl.uni-muenchen.de BÜRO Schackstraße 4 / III. OG ERREICHBAR MIT U3/U6 Universität