Ramsay, Colin M.; Oguledo, Victor I.; Pathak, Priya - In: Insurance: Mathematics and Economics 52 (2013) 3, pp. 606-614
choose partial insurance. In addition, we develop extensions to the four properties listed above. … separate contracts with the high-risk individuals obtaining complete insurance and low-risk individuals obtaining partial … insurance. While in monopolistic markets with imperfect information on accident probabilities, the following four properties …