Optimal Risk-Sharing and Deductables in Insurance
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Jewitt, Ian, 1988. "Justifying the First-Order Approach to Principal-Agent Problems," Econometrica, Econometric Society, vol. 56(5), pages 1177-1190, September.
- HOLMSTROM, Bengt, 1979. "Moral hazard and observability," LIDAM Reprints CORE 379, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Knut K. Aase, 1992. "Dynamic Equilibrium and the Structure of Premiums in a Reinsurance Market," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 17(2), pages 93-136, December.
- Aase, Knut K., 2007. "Wealth Effects on Demand for Insurance," Discussion Papers 2007/6, Norwegian School of Economics, Department of Business and Management Science.
- Mas-Colell, Andreu, 1986. "The Price Equilibrium Existence Problem in Topological Vector Lattice s," Econometrica, Econometric Society, vol. 54(5), pages 1039-1053, September.
- Baton, Bernard & Lemaire, Jean, 1981. "The Core of a Reinsurance Market," ASTIN Bulletin, Cambridge University Press, vol. 12(1), pages 57-71, June.
- MOSSIN, Jan, 1968. "Aspects of rational insurance purchasing," LIDAM Reprints CORE 23, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Michael Rothschild & Joseph Stiglitz, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 629-649.
- Gerber, Hans U., 1978. "Pareto-Optimal Risk Exchanges and Related Decision Problems," ASTIN Bulletin, Cambridge University Press, vol. 10(1), pages 25-33, May.
- Borch, Karl, 1960. "Reciprocal Reinsurance Treaties," ASTIN Bulletin, Cambridge University Press, vol. 1(4), pages 170-191, December.
- Wyler, Erich, 1990. "Pareto Optimal Risk Exchanges and a System of Differential Equations: a Duality Theorem," ASTIN Bulletin, Cambridge University Press, vol. 20(1), pages 23-31, April.
- Bengt Holmstrom, 1979.
"Moral Hazard and Observability,"
Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
- Bengt Holmstrom, 1997. "Moral Hazard and Observability," Levine's Working Paper Archive 1205, David K. Levine.
- Bewley, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 4(3), pages 514-540, June.
- Raviv, Artur, 1979. "The Design of an Optimal Insurance Policy," American Economic Review, American Economic Association, vol. 69(1), pages 84-96, March.
- BEWLEY, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," LIDAM Reprints CORE 122, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Knut K. Aase, 2017. "Optimal Insurance Policies in the Presence of Costs," Risks, MDPI, vol. 5(3), pages 1-17, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Dionne, Georges & Harrington, Scott, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
- Knut K. Aase, 2022.
"Optimal Risk Sharing in Society,"
Mathematics, MDPI, vol. 10(1), pages 1-31, January.
- Aase, Knut K., 2021. "Optimal Risk Sharing in Society," Discussion Papers 2021/10, Norwegian School of Economics, Department of Business and Management Science.
- Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
- Aase, Knut K., 2010.
"Existence and Uniqueness of Equilibrium in a Reinsurance Syndicate,"
ASTIN Bulletin, Cambridge University Press, vol. 40(2), pages 491-517, November.
- Aase, Knut K., 2008. "Existence and Uniqueness of Equilibrium in a Reinsurance Syndicate," Discussion Papers 2008/13, Norwegian School of Economics, Department of Business and Management Science.
- Michael Breuer, 2005. "Multiple Losses, EX ANTE Moral Hazard, and the Implications for Umbrella Policies," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(4), pages 525-538, December.
- Jouini, Elyes, 2001.
"Arbitrage and control problems in finance: A presentation,"
Journal of Mathematical Economics, Elsevier, vol. 35(2), pages 167-183, April.
- Elyès Jouini, 2001. "Arbitrage and Control Problems in Finance. Presentation," Post-Print halshs-00167152, HAL.
- Bartsch, Elga, 1996. "Enforcement of environmental liability in the case of uncertain causality and asymmetric information," Kiel Working Papers 755, Kiel Institute for the World Economy (IfW Kiel).
- Prescott, Edward C. & Rios-Rull, Jose-Victor, 1992. "Classical competitive analysis of economies with Islands," Journal of Economic Theory, Elsevier, vol. 57(1), pages 73-98.
- repec:dau:papers:123456789/5590 is not listed on IDEAS
- Marcelo Bianconi, 2004. "Aggregate and Idiosyncratic Risk and the Behavior of Individual Preferences under Moral Hazard," Discussion Papers Series, Department of Economics, Tufts University 0410, Department of Economics, Tufts University.
- Picard, Pierre, 2000.
"On the Design of Optimal Insurance Policies under Manipulation of Audit Cost,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(4), pages 1049-1071, November.
- Picard, P., 1996. "On the design of Optimal Insurance Policies Under Manipulation of Audit Cost," Papers 9620, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
- P. Picard, 1996. "On the Design of Optimal Insurance Policies under Manipulation of Audit Cost," THEMA Working Papers 96-20, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Picard, Pierre, 1996. "On the design of optimal insurance policies under manipulation of audit cost," CEPREMAP Working Papers (Couverture Orange) 9605, CEPREMAP.
- Dongyuan Zhan & Amy R. Ward, 2019. "Staffing, Routing, and Payment to Trade off Speed and Quality in Large Service Systems," Operations Research, INFORMS, vol. 67(6), pages 1738-1751, November.
- Barros, Pedro Pita, 2003. "Cream-skimming, incentives for efficiency and payment system," Journal of Health Economics, Elsevier, vol. 22(3), pages 419-443, May.
- Clausen, Andrew, 2013.
"Moral Hazard with Counterfeit Signals,"
SIRE Discussion Papers
2013-13, Scottish Institute for Research in Economics (SIRE).
- Andrew Clausen, 2013. "Moral Hazard with Counterfeit Signals," Edinburgh School of Economics Discussion Paper Series 225, Edinburgh School of Economics, University of Edinburgh.
- Santos, Joao C., 1997.
"Debt and equity as optimal contracts,"
Journal of Corporate Finance, Elsevier, vol. 3(4), pages 355-366, December.
- João A. C. Santos, 1995. "Debt and equity as optimal contracts," Working Papers (Old Series) 9505, Federal Reserve Bank of Cleveland.
- Besada, M. & Vazquez, C., 1999. "The generalized marginal rate of substitution," Journal of Mathematical Economics, Elsevier, vol. 31(4), pages 553-560, May.
- Basile, Achille & Graziano, Maria Gabriella & Papadaki, Maria & Polyrakis, Ioannis A., 2017.
"Cones with semi-interior points and equilibrium,"
Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 36-48.
- Achille Basile & Maria Gabriella Graziano & Maria Papadaki & Ioannis A. Polyrakis, 2016. "Cones with Semi-interior Points and Equilibrium," CSEF Working Papers 443, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Charalambos Aliprantis & Kim Border & Owen Burkinshaw, 1996. "Market economies with many commodities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 19(1), pages 113-185, March.
- Milbourn, Todd T., 2003. "CEO reputation and stock-based compensation," Journal of Financial Economics, Elsevier, vol. 68(2), pages 233-262, May.
- Liang ZHAO & Yueying MU & Bo SONG & Qiao ZHANG, 2016. "Market equilibrium of the agricultural product target price insurance and its moral hazard premium," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(5), pages 215-224.
- Daniel McFadden & Carlos Noton & Pau Olivella, "undated".
"Remedies for Sick Insurance,"
Working Papers
620, Barcelona School of Economics.
- Daniel McFadden & Carlos Noton & Pau Olivella, 2013. "Remedies for Sick Insurance," Documentos de Trabajo 302, Centro de Economía Aplicada, Universidad de Chile.
- Daniel L. McFadden & Carlos E. Noton & Pau Olivella, 2012. "Remedies for Sick Insurance," NBER Working Papers 17938, National Bureau of Economic Research, Inc.
More about this item
Keywords
Reinsurance Exchange; Equilibrium; Pareto Optimality; Representative Agent; Core Solution; Individual Rationality; Deductibles; Costs; Moral Hazard;All these keywords.
JEL classification:
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CFN-2007-01-23 (Corporate Finance)
- NEP-IAS-2007-01-23 (Insurance Economics)
- NEP-UPT-2007-01-23 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:nhhfms:2006_024. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stein Fossen (email available below). General contact details of provider: https://edirc.repec.org/data/dfnhhno.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.