{"product_id":"risky-business-why-insurance-markets-fail-and-what-to-do-about-it-9780300274042","title":"Risky Business: Why Insurance Markets Fail and What to Do About It","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003eIn \"The Insurance Puzzle: Why It Pays to Be Careful,\" three leading economists explore the complexities of insurance markets and offer solutions to improve them. The book explains why insurance providers choose their customers carefully, why insurance entrepreneurs often fail, and whether government-mandated health insurance is better than letting businesses, customers, and markets decide. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Paperback \/ softback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 280 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 24 October 2023\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Yale University Press\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eAn engaging and accessible examination of the challenges facing insurance markets and potential solutions by three renowned economists. The authors delve into the intricate complexities that arise in this socially vital activity, offering a masterful explanation of the factors contributing to the issues at hand. Martin Wolf, Financial Times, praised the book as one of the \"Best Books of 2022: Economics,\" highlighting its valuable insights.\u003cbr\u003e\u003cbr\u003eUnderstanding how insurance works is crucial to answering questions such as why dental insurance is often inadequate, why pet insurance is expensive, and why auto insurers consider credit scores. Unlike other markets, insurance providers carefully select their customers due to the varying costs associated with different individuals.\u003cbr\u003e\u003cbr\u003eIn their book, Unraveling the Mysteries of Insurance Markets, Liran Einav, Amy Finkelstein, and Ray Fisman explore a range of topics related to insurance markets. They examine why insurers are eager to gather extensive personal information about their customers and whether it is appropriate for them to obtain such data. The authors also discuss the challenges faced by insurance entrepreneurs and offer strategies for success. Additionally, they explore the debate over whether government-mandated health insurance is a better alternative to the current market-driven approach.\u003cbr\u003e\u003cbr\u003eThrough clear and concise explanations, the book addresses critical business and policy issues that often spark divisive debates. It sheds light on topics such as privacy, equity, and the appropriate role of government in shaping insurance markets. By providing readers with a comprehensive understanding of these complex issues, the book offers valuable insights and perspectives that can help individuals and policymakers navigate the complexities of the insurance industry.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 296g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 217 x 141 x 21 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9780300274042\u003c\/p\u003e","brand":"Liran Einav,Amy Finkelstein,Ray Fisman","offers":[{"title":"Paperback \/ softback","offer_id":44696609325306,"sku":"9780300274042","price":14.63,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/1698401306667_book.jpg?v=1698478601","url":"https:\/\/shulphink.com\/products\/risky-business-why-insurance-markets-fail-and-what-to-do-about-it-9780300274042","provider":"Shulph Ink","version":"1.0","type":"link"}