
Georges Dionne and Scott E. Harrington
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due to limitations associated with available data. The increased availability of micro data,
however, has led to significant progress, and it bodes well for further empirical work.
While less mature than theoretical work on demand and market equilibrium, signifi-
cant theoretical literatures also have evolved to increase our understanding of insurance
supply, including pricing, capital decisions, regulation, efficiency, distribution, and orga-
nizational form. Significant progress has been made in empirical work to test hypotheses
generated by theoretical work on supply-related issues and on asymmetric infor ...