This paper analyzes the choice of deductible in insurance contracts that insure against a risk that, as is common … risk-bearing costs, the optimal contract is one that uses an aggregate deductible that applies to the aggregate losses … disadvantages that aggregate deductibles have. Aggregate deductibles are shown to produce higher expected verification costs and …

The population property insurance presents high interest; the insurance domain being very complex. The classes of … population property insurance cover the equipment insurance, car insurance and securing buildings and their contents. Decisions … review the decision-making conditions under uncertainty for the population’s assets. Modeling the decision of insurance is an …

This paper looks at social insurance of short term absence from work. The chief concern is with efficiency properties …

The logic of Arrow’s theorem of the deductible, i.e. that it is optimal to focus insurance coverage on the states with … deductible positively related to the elasticity of medical expenditures with respect to the insurance rate. In a model with a … insurance below the deductible arises if regular health care expenditures in a situation of standard health have a negative …

automobile insurance coverage and ex post risk. It combines insurance company information with the policyholders’ private … information on risky traffic behavior (traffic violations) that is not accessible to the insurance company. It is demonstrated … insurance market. A positive significant correlation for three out of ten groups of new policyholders is found, consistent with …

poor policy choices. More financial aid flows may not be a panacea for poor economic growth and its insurance …

contracts to crowd out implicit insurance, even though the latter yields higher welfare. Integrating the principal-agent and …