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 …

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 …

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 …

the individual prevention levels. The dynamic paths are described either in an economy without insurance, or in an economy … with insurance where the information is or is not perfect. …

The primary aim of this paper to evaluate the cost of deposit insurance premium and assess moral hazard effect in the … technical inefficiency. The findings of the research indicate there is a positive association between insurance coverage premium … insurance premium to risk based insurance premium policy. …

In this paper, we ask under what conditions norms can enhance welfare by mitigating moral hazard in income insurance … social norms and internalized norms. We study how optimal insurance arrangements, the behavior of insured individuals, and …

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