The Economics of Risk and Insurance

“Seog?s book provides a nice primer on the theoretical portion of insurance economics while linking to the empirical studies in the field. Its solid list of reference for further reading for each topic will help students as they move through their course of study and develop their own research stream. A great reference for any doctoral student in the area.” ?Kathleen A. McCullough, Florida State University “The more I read this book, the more I like it. It provides theoretical analyses for a complete set of insurance topics, and is easy to read even though the concepts are complex. Every insurance Ph.D. student needs to read this book.” ?Gene C. Lai, Washington State University

S. Hun Seog is Professor of Finance and Insurance at the Graduate School of Business, Seoul National University. He received his PhD in Risk and Insurance from the Wharton School. His research areas include the economics of risk and insurance, corporate finance, and their applications. His academic papers have been published in Journal of Risk and Insurance, Geneva Papers on Risk and Insurance Theory, Asia-Pacific Journal of Risk and Insurance, International Economic Review, Marketing Science, and European Journal of Operational Research.