On insurance contract design for low probability events
This paper extends the analysis of insurance contracts design to the case of "low probability events", when there is a probability mass on the event "no accident-zero loss". The optimality of the deductible clause is discussed both at the theoretical and empirical levels.
|Date of creation:||2008|
|Date of revision:|
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- repec:dau:papers:123456789/5463 is not listed on IDEAS
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