I formalise a rather stylised insurance market with adverse selection as a standard duopoly. I formally specify demand …

This paper studies the set of Pareto optimal insurance contracts and the core of an insurance game. Our setting allows … shape of the indemnities. Closed-form and numerical solutions are found for various preferences that the insurance players …, i.e. there is some uncertainty with the risk model and/or the insurance players make decisions based on divergent …