Fixed-reimbursement insurance: basic properties and comparative statics
AbstractIn a number of settings, insurance contracts specify a fixed reimbursement in the event of a loss which is not conditioned on the size of the realized loss. In this article, we explore the theoretical properties of this form of insurance and draw comparisons with other types of insurance policies, such as those based on coinsurance and deductibles. We also examine links between our results and those from the literature on precautionary saving. Copyright 2003 The Journal of Risk and Insurance.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers RP with number -1619.
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Note: In : The Journal of Risk and Insurance, 70(2), 207-218, 2003
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- Louis Eeckhoudt & Olivier Mahul & John Moran, 2003. "Fixed-Reimbursement Insurance: Basic Properties and Comparative Statics," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 70(2), pages 207-218.
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- CREMER, Helmuth & PESTIEAU, Pierre & PONTHIERE, Grégory, .
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-2466, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Mahul, Olivier, 2003. "Hedging With Individual And Index-Based Contracts," 2003 Annual meeting, July 27-30, Montreal, Canada 22007, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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