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information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are … tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …
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. To optimize the value of insurance, the insurer and the insured have to agree upon repair strategies (when to fix the …
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on the insurance system that covers its inhabitants. As uniform insurance depends on all insureds’ risk, it enables a … partial integration of prevention externalities by jurisdictions. We determine under which condition uniform insurance Pareto … dominates actuarial insurance. …
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) insurance can be optimal even if insurance premia are loaded (fair). These results hold with and without prevention and the …
Persistent link: https://www.econbiz.de/10011072638
The purpose of this paper is to study the effect of operational, market and accounting risks disclosures on investors' disagreements about French firms' value. The paper provides evidence on risks reporting efficiency in reducing investors' disagreements about the implication for firm's value of...
Persistent link: https://www.econbiz.de/10010861407
In this paper, we want to characterize the optimal health insurance contract with adverse selection and moral hazard …
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