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This article deals with optimal insurance contracts in an imprecise probabilities framework. The informational …
Persistent link: https://www.econbiz.de/10005780740
and quantity of their life insurance, to evaluate whether asymmetric information is a barrier to trade in insurace markets. …
Persistent link: https://www.econbiz.de/10005245380
Exclusions are part of any property insurance. A prototypically simple contract covers losses from a single peril but … excludes losses from all other perils and, typically, from the insured peril in some instances. Demand for insurance is … they might have the opposite effect by lowering the quality of insurance. The balance between these tendencies depends upon …
Persistent link: https://www.econbiz.de/10005245489
This paper studies optimal property insurance in the presence of equity risk and conversion risk. Equity risk is … randomness of the value of a property. It tends to raise demand for conventional insurance on the property effectively increasing …
Persistent link: https://www.econbiz.de/10005245514
econometric models. Some applications to the choice of automobile insurance contracts and to the demand for life insurance are … provided. We show that the information provided by additional decision variable is rather weak and often non significant. …
Persistent link: https://www.econbiz.de/10005641001
econometric models. Two applications to the choice of automobile insurance contracts and the demand for life insurance are … provided. We show that the information provided by additional decision variables is rather weak and often non significant. …
Persistent link: https://www.econbiz.de/10005660699
This paper, instead of focusing on agency cost, analyzes the role of risk-sharing under problems of enforceability (default) to explain the optimal determination of capital structure. Optimal contract structure presents equity and debt.
Persistent link: https://www.econbiz.de/10005697699
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