Study of engineering insurance market on hydropower project based on the theory of information asymmetries

It is the basis that the sound development of hydropower engineering insurance market is for improving hydropower construction. Therefore, it is of great significance to focus on main participants´ strategies. In this paper, it is that the information asymmetry of main participants in hydropower engineering insurance market can be described in detail. Furthermore, incomplete information static game model between insurer and insured is established for the origin of this phenomenon. Meanwhile, for avoiding economic loss caused by moral hazard, this paper puts forward some possible solutions in the market.