Description: 1 Introduction.- 2 Borch's Theorem: A historical survey of applications.- I: Economics of Uncertainty.- 3 The role of securities and labor contracts in the optimal allocation of risk-bearing.- 4 Proportional risk aversion and saving decisions under uncertainty.- II: Economics of Information.- 5 The welfare economics of moral hazard.- 6 Problems of equilibria in insurance markets with asymmetric information.- 7 Moral hazard and insurance market structure.- 8 The effects of organizational form on capital structure: The case of stock and mutual property-liability insurance firms.- III: Economics of Insurance.- 9 Strategic growth and profit policy of insurance companies.- 10 (De)regulation of insurance markets.- 11 Price regulation and segmented insurance markets.- 12 The microstructure of the London insurance market.- 13 Do shares in other insurance companies reduce the solvency margin of an insurer'.- Author Index.- Subjetc Index.

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