contracts. We then apply our results to insurance, managerial incentive pay and corporate governance. … information, so that the model also exhibits adverse selection. We characterize the optimal menu of contracts; while its detailed …

This paper considers optimal insurance schemes in a principal-agent multi-dimensional environment in which two types of … the questions we study can only be posed in the more general framework. The main results obtained for optimal insurance … schemes are: <p>(i) Insurance schemes preserve the order of certainty equivalents; consequently, the latter constitute a one …

This paper aims at providing linear credibility predictors for the pure premium of insurance contracts, from a rating … drawn from a French data base of automobile insurance contracts. …

This note deals with on-line computatin of learning of Pareto optimal insurance contracts. We account for the fact that …