Introduction

Henri Loubergé

Chapter 1 in Risk, Information and Insurance, 1991, pp 1-14 from Springer

Abstract: Abstract The present collection of essays is dedicated to the memory of Professor Karl Henrik Borch. It has been prepared with contributions from those economists who frequently met Karl Borch at the annual seminars and lectures organized by The Geneva Association.1 The friendly and informal atmosphere of the seminars was most appropriate for appreciating his exceptional scientific talents, his kindness, his modesty, and his art for conciliation. Karl Borch was particularly helpful to the development of insurance economics as a recognized branch of economic theory. In fact, he may be considered as the founding father of modern insurance economics. He also played a discrete role in the success of The Geneva Association, in the interface between theoretical model building and the management of strategic risk and insurance issues. Against this background, the objective of this volume is to celebrate Karl Borch’s memory with a set of articles illustrating recent advances and current lines of research in three interrelated domains of economic theory which benefited greatly from his seminal work: the economics of risk and uncertainty, the economics of information, and insurance economics.

Keywords: Risk Aversion; Moral Hazard; Insurance Market; Adverse Selection; Insurance Contract (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-009-2183-2_1

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DOI: 10.1007/978-94-009-2183-2_1

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