) 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 …. -- Insurance ; Indemnity ; Deductible ; Co-Insurance …

The determinants of insurance consumption have been extensively studied, yet spatial correlations are rarely considered … paramount importance in accurately assessing the impact of insurance consumption determinants …