The Law and Economics of Insurance Law - A Primer
University of Texas at Austin - School of Law
November 25, 2011
Connecticut Insurance Law Journal, Forthcoming
U of Texas Law, Law and Econ Research Paper No. 224
This article presents the first law and economics perspective on the topic of insurance law as a whole. In doing so it provides both an overview of insurance law as well as a discussion on the major themes of the economic analysis of insurance law and its leading cases. The paper also presents a theoretical framework — the two islands functional approach — that can help solve insurance law puzzles. Ultimately, this paper could help any insurance law judge, lawyer, or student as well as any legislature to correctly conceptualize and solve the legal problems facing courts and insurance lawyers alike.
Number of Pages in PDF File: 73
Keywords: insurance law, economic analysis, adverse selection, moral hazardAccepted Paper Series
Date posted: April 26, 2011 ; Last revised: May 3, 2012
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