Discounting is traditionally conceptualized as the comparison of the value of gains or losses that occur at different times. It endeavors to incorporate how humans trade off values to be received in the future versus value received immediately into economic analysis. Discounting has emerged as a key factor in assessments of climate change and other long-term environmental issues. However, the t...

Abstract: In problems of optimal insurance design, Arrow’s classical result on the optimality of the deductible indemnity schedule holds in a situation where the insurer is a risk-neutral Expected-Utility (EU) maximizer, the insured is a risk-averse EU-maximizer, and the two parties share the same probabilistic beliefs about the realizations of the underlying insurable loss. Recently, Ghossoub ...

The Contract of Indemnity is a wide used clause frequently within the mercantile fraternity. However, same has been down written in Indian Act under two sections, namely, 124 and 125. There yet an ongoing dilemma whether clauses cover implied indemnity its ambit on when does contract comes into play favor promisee. Moreover, there ambiguity term synonymous to terms such as damages, compensation...

This DataWatch refutes the notion that chronic illness is more prevalent among persons covered by indemnity insurance than by health maintenance organizations (HMOs). This is true even when health status and sociodemographic factors are accounted for in the analysis. The study analyzes the prevalence of chronic illness among privately insured nonelderly persons in HMOs and indemnity plans, usin...