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Three economic issues in property/casualty insurance are examined in this thesis. Chapter 2 explores the impact of supply side heterogeneity on the market equilibrium. Multiple period contracting and informational issues are examined in Chapters 3 and 4. Property/casualty insurance is marketed in two manners: through agency writers and direct writers. Direct writers can sell insurance at a lower cost than agency writers. By exploiting demand side characteristics, Chapter 2 extends the traditional literature by examining the behaviour of heterogeneous insurers within a framework that admits both direct and agency writers in equilibrium. Heterogeneous travel costs are used to support this equilibrium. A second model is developed in which claim frequency heterogeneity is introduced on the demand side. It is assumed that agency writers can better discern a consumer's risk type. Characteristics of equilibria under which direct and agency writers exist are derived. In Chapter 3, Rothschild and Stiglitz's (1976) single period insurance model is extended to multiple periods. In a multiple period framework, insurers offer a sequence of single period contracts in which future contracts are conditioned on past contract choices. For dynamic consistency, once low risks have revealed their type, future contracts must be contingent on this event. This contract structure is compared to both a sequence of one period pooling contracts and a sequence of one period separating contracts. Numerical examples illustrate the results. In Chapter 4, learning by insurers is examined in a model in which consumers possess search costs. The presence of search costs allows inefficient insurers to remain in the market, and allows lower cost firms to earn higher profit loadings each period. Insurers, who possess differing initial valuations of a consumer's loss propensity, update the contract offered each period based on a consumer's past accident history. In a multiple period setting, consumers search for new coverage and switch insurers when the price charged by their contracting insurer exceeds the price that they are willing to pay.

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The present study deals with the prerogatives associated with work distribution in copyright law. The first part is devoted to the droit de destination and the exhaustion doctrine. We will illustrate each one with legislative and jurisprudential examples. While these theories are often regarded as opposite, they in fact are dissimilar juridical solutions. The exhaustion doctrine derives from an economic conception of copyright law whereas the droit de destination originates from natural law focussed on the interests of the author. The second part is concerned with the fact that a coherent theory on work distribution in Canadian copyright law has yet to be established. It will be shown how the legislator and the jurisprudence have developed means to assure that, after the first distribution of the work, the copyright holder is still in the position to control some of its use. Finally, I will proceed to analyse the regime that deals specifically with parallel imports allowing the copyright holder to supervise imported works.

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This thesis was an examination of the 1969 general property tax reassessment in Indiana on state and local government levels. Specifically, this study undertook to examine from a statistical viewpoint, whether the State Board of Tax Commissioners accurately and efficiently assessed the public utility properties located within the state. In addition, the same statistical tests were performed on. selected local government assessments of residential properties. In this way, the study was able to point out which agency, the State Board of Tax Commissioners or the local governments, came closest to the 33-1/3 per cent of true cash value legal assessment ratio in Indiana.In the process of answering which agency came closest to the legal assessment ratio, this study examined who was more fair, or uniform in their assessment practices, to the individual taxpayer, the State Board of Tax Commissioners or the local government assessing officials.

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The statement that the law of property takes an exceptional part in the system of main human rights is unquestioned. It is regulated in a lot of laws and first of all in the Constitution of the Republic of Lithuania and in the Civil Code. In order to properly protect this fundamental law, there is a necessity of a suitable understanding of the law or property, revealing and determining its content and restriction of basics. Under the guidance of practice of Constitutional Court of the Republic of Lithuania the above mentioned aspects of law property are being analyzed in this final Master's work. Complexity is characteristic of legal regulation of property. Constitutional interpretation of the law of property is the broadest. Definition of the content of the law of property formed in the jurisprudence of the Constitutional Court is not thrusted into the “triad” of the traditional rights belonging to the owner. In one of the cases of constitutional justice analyzed this year, the court “freed” the content of property of law from the synthesis of property law into the “triad” of laws, stating that the owner can treat his property as he finds it best, without breaking laws, not restricting other people's rights and freedoms. Thus, law of property is not the whole complex of the owner's possibilities. It might, as well as some other rights, be limited or even deprived. In such cases question arises of values, in favour of which implementation of property law is limited... [to full text]

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