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 note looks at insurance of minor, recurrent losses. The main concern is with efficiency properties of full … this sort of insurance policy. …

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

on deductible choice in Dutch universal health insurance, we find that risk preferences are a dominant factor in decision … explaining deductible choice behavior than risk type. This finding contrasts with classical expected utility theory, as it …

optimal insurance. It analyzes two basic forms of insurance contracts: A contract with a deductible and a contract imposing a … form of an insurance contract to impose partial insurance of the low risks. This paper contributes to the discussion on … positive co-insurance rate. Since high risks can always self-reveal themselves as high risks and buy the optimal insurance …

) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow … optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …

directions: (1) how insurance changes in one program affects employee participation in other programs at a point in time (<italic …' compensation with programs overlapping it (including sick leave, health insurance, and unemployment insurance), and review evidence …