Eeckhoudt, Louis; Mahul, Olivier; Moran, John - In: Journal of Risk & Insurance 70 (2003) 2, pp. 207-218
In a number of settings, insurance contracts specify a fixed reimbursement in the event of a loss which is not conditioned on the size of the realized loss. In this article, we explore the theoretical properties of this form of insurance and draw comparisons with other types of insurance...