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Pareto Efficient Insurance with Multiple Policyholders, Multiple Insurers, and Multiple Indemnity Environments

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  • Zijun Meng

Abstract

This paper proves a sum-minimization characterization of Pareto efficient insurance with multiple policyholders, multiple insurers, and multiple indemnity environments. We also provide a result regarding the pairwise implementability of the policyholder- and insurer-aggregate level arrangements in the multiple policyholders and multiple insurers setting.

Suggested Citation

  • Zijun Meng, 2026. "Pareto Efficient Insurance with Multiple Policyholders, Multiple Insurers, and Multiple Indemnity Environments," Papers 2606.30779, arXiv.org.
    • Handle: RePEc:arx:papers:2606.30779
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    References listed on IDEAS

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    1. Asimit, Vali & Boonen, Tim J., 2018. "Insurance with multiple insurers: A game-theoretic approach," European Journal of Operational Research, Elsevier, vol. 267(2), pages 778-790.
    2. Asimit, Alexandru V. & Boonen, Tim J. & Chi, Yichun & Chong, Wing Fung, 2021. "Risk sharing with multiple indemnity environments," European Journal of Operational Research, Elsevier, vol. 295(2), pages 587-603.
    3. Tim J. Boonen & Wing Fung Chong & Mario Ghossoub, 2024. "Pareto‐efficient risk sharing in centralized insurance markets with application to flood risk," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 91(2), pages 449-488, June.
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