Lu, ZhiYi; Liu, LePing; Zhang, JianYu; Meng, LiLi - In: Insurance: Mathematics and Economics 51 (2012) 2, pp. 462-471
In this paper we try to derive an optimal insurance treaty when the insured faces multiple sources of risk. We show that the deductible insurance is optimal when the insurable and uninsurable risks are positively dependent or independent within the expected utility framework. A necessary...