Jametti, Mario; Ungern-Sternberg, Thomas von - 2006
a breakdown of efficient
risk sharing, such as, among other, the existence of asymmetric information,
limited liability of … asymmetric information in the litterature. We think that asymmetric in-
formation is not fundamentally important for natural … num-
ber of active insurers such that expected utility is zero. Since there is no
asymmetric information in the model, the …