Zweifel, Peter; Hofmann, Annette - In: Risks : open access journal 12 (2024) 6, pp. 1-16
but an "excellent risk" as a driver, a multi-peril policy could be associated with a reduced selection effort on the part … developed in which consumers deploy effort in search of a policy offering them maximum coverage at the current market price … while insurers deploy effort designed to stave off unfavorable risks. Two types of Nash equilibria are compared: one in …