Acta academica karviniensia 2013, 13(3):18-30 | DOI: 10.25142/aak.2013.039

FOUNDING WORKS OF INSURANCE ECONOMICS

Zuzana Brokešová1, Erika Pastoráková2, Marta Martincová3
1 Ekonomická univerzita v Bratislave, Národohospodárska fakulta, Dolnozemská cesta 1, 852 35 Bratislava , SR, E-mail: zuzana.brokesova@euba.sk
2 Ekonomická univerzita v Bratislave, Národohospodárska fakulta, Dolnozemská cesta 1, 852 35 Bratislava , SR, E-mail: erika.pastorakova@euba.sk
3 Ekonomická univerzita v Bratislave, Národohospodárska fakulta, Dolnozemská cesta 1, 852 35 Bratislava , SR, E-mail: marta.martincova@euba.sk

Insurance economics were founded at the beginning of the sixties of the twentieth century. Due to that, it has become one of the younger elements of microeconomic theory. As its seminal papers are often presented as a part of the finance theory or microeconomics, our paper aims to remedy this shortcoming. It brings results of the analysis of selected papers that laid the foundations and promoted the development of insurance economics. Although the analyzed articles did not focus primarily on the area of insurance, they prepared the basis for further research in this area. The key themes of the insurance economics have become the allocation of risk, game theory, the existence of economies of scale in insurance information processing, demand for insurance, information asymmetry, self insurance, self protection as well as principal-agent model.

Keywords: genesis of insurance economics research, insurance, insurance economics, microeconomics
JEL classification: B26, G22

Received: March 29, 2012; Accepted: June 19, 2013; Published: September 30, 2013  Show citation

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Brokešová Z, Pastoráková E, Martincová M. FOUNDING WORKS OF INSURANCE ECONOMICS. Acta academica karviniensia. 2013;13(3):18-30. doi: 10.25142/aak.2013.039.
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