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 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 …

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 …

This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex …

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

insurance in Western Australia. Design/methodology/approach – A farm survey was conducted with the cooperation of dryland … farmers belonging to Western Australian grower groups. The willingness to pay for hail insurance is modelled as a function of … willingness to pay for crop insurance one-to-one by 20 per cent. Adverse selection plays a minor role because almost all farmers …