Disappointment and the Optimal Insurance Contract
نویسندگان
چکیده
منابع مشابه
Can an Optimal Insurance Contract Violate the Principle of Indemnity?
The principle of indemnity is well-accepted in the field of insurance and is also commonly assumed in the literature of optimal contract design. However, should this principle be imposed on all insurance contracts without exceptions? Does there exist an insurance contract that is optimal for both the insurer and the insured even as the principle of indemnity is violated? The answer is yes. This...
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ژورنال
عنوان ژورنال: The Geneva Risk and Insurance Review
سال: 2012
ISSN: 1554-964X,1554-9658
DOI: 10.1057/grir.2012.2