Showing 1 - 2 of 2
In this paper, we consider a population of individuals who differ in two dimensions: their risk type (expected loss) and their risk aversion. We solve for the profit maximizing menu of contracts that a monopolistic insurer puts out on the market. First, we find that it is never optimal to fully...
Persistent link: https://www.econbiz.de/10014175067
Persistent link: https://www.econbiz.de/10013117494