Although Insurers Face Adverse Selection and Moral Hazard When They Set Insurance Contracts, These Two Types of Asymmetrical Information Have Been Given Separate Treatments Sofar in the Economic Literature. This Paper Is a First Attempt to Integrate Both Problems Into a Single Model. We Show How...

For Many Years, Economists and Actuaries Have Studied Multiperiod Insurance Contracts Independently and Differently. This Paper Presents a First Empirical Economic Study on Moral Hazard and Experience Rating While Making Reference to Previous Empirical Actuarial Studies. the First Objective Is...

Nous Montrons Que la Methodologie Utilisee Pour Integrer les Deux Approches Peut Etre Incoherente. Nous Proposons on Modele Statistique Qui Integre Adequatement les Deux Approches. Nous Presentons des Modeles de Poisson et de Binomiale Negative Avec Composantes de Regression Afin D'utiliser...

Ce Texte Suggere L'utilisation de la Famille des Distributions de Probabilites a Quatre Parametres, la Beta Generalisee du Deuxieme Type (Gb2) Pour Analyser les Pertes D'assurance. la Gb2 a Comme Cas Particulier les Distributions Log-Normale, Gamma et Weibull. Elle Comprend Egalement Comme Cas...

This Article Proposes the Family of Probability Distributions Known As the Generalized Beta of the Second Kind (Gb2) As a Principal Set of Distributions for Modeling Insurance Loss Processes. the Gb2 Family Gamma, Encompasses Many Commonly Used Distributions Such As the Log-Normal, Gamma, and...

In a Previous Article (1983), We Indicated That Three Factors Affect the Individual's Choice of Self-Protection Activities, Self-Insurance Activities and Market Insurance: 1- Their Efficiency in Reducing Expected Loss 2- Their Relative Cost 3- and Their Relative Impact on Risk We Proposed a...