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Arrow's theorem on the optimality of deductibles: A stochastic dominance approach (*)
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- repec:dau:papers:123456789/6105 is not listed on IDEAS
- Zuo Quan Xu, 2018. "Pareto optimal moral-hazard-free insurance contracts in behavioral finance framework," Papers 1803.02546, arXiv.org, revised Aug 2021.
- James A. Ligon & Paul D. Thistle, 2008. "Adverse Selection With Frequency and Severity Risk: Alternative Risk‐Sharing Provisions," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(4), pages 825-846, December.
- Jacques Drèze & Erik Schokkaert, 2013.
"Arrow’s theorem of the deductible: Moral hazard and stop-loss in health insurance,"
Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 147-163, October.
- DREZE, Jacques & SCHOKKAERT, Erik, 2012. "Arrow’s theorem of the deductible: moral hazard and stop-loss in health insurance," LIDAM Discussion Papers CORE 2012027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- DREZE, Jacques H. & SCHOKKAERT, Erik, 2013. "Arrow's theorem of the deductible: moral hazard and stop-loss in health insurance," LIDAM Reprints CORE 2522, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Xu Zuo Quan & Zhou Xun Yu & Zhuang Sheng Chao, 2015. "Optimal Insurance with Rank-Dependent Utility and Increasing Indemnities," Papers 1509.04839, arXiv.org.
- Johanna Etner & Sandrine Spaeter, 2010. "The impact of ambiguity on health prevention and insurance," Working Papers of BETA 2010-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Li, Yongwu & Xu, Zuo Quan, 2017. "Optimal insurance design with a bonus," Insurance: Mathematics and Economics, Elsevier, vol. 77(C), pages 111-118.
- Franke, Günter & Herrmann, Markus & Weber, Thomas, 2007. "Information asymmetries and securitization design," CoFE Discussion Papers 07/10, University of Konstanz, Center of Finance and Econometrics (CoFE).
- Carole Bernard & Weidong Tian, 2009. "Optimal Reinsurance Arrangements Under Tail Risk Measures," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(3), pages 709-725, September.
- Drèze, Jacques H. & Pestieau, Pierre & Schokkaert, Erik, 2016.
"Arrow’s theorem of the deductible and long-term care insurance,"
Economics Letters, Elsevier, vol. 148(C), pages 103-105.
- Jacques H. DREZE & Pierre PESTIEAU & Erik SCHOKKAERT, 2016. "Arrow's theorem of the deductible and long-term care insurance," LIDAM Reprints CORE 2816, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- M Mercè Claramunt & Maite Mármol, 2021. "Is a Refundable Deductible Insurance an advantage for the insured? a mathematical approach," PLOS ONE, Public Library of Science, vol. 16(2), pages 1-22, February.
- Christian Gollier, 2014.
"Optimal insurance design of ambiguous risks,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(3), pages 555-576, November.
- Gollier, Christian, 2012. "Optimal insurance design of ambiguous risks," TSE Working Papers 12-303, Toulouse School of Economics (TSE), revised Jan 2013.
- Gollier, Christian, 2012. "Optimal insurance design of ambiguous risks," LERNA Working Papers 12.18.375, LERNA, University of Toulouse, revised Jan 2013.
- Gollier, Christian, 2012. "Optimal insurance design of ambiguous risks," IDEI Working Papers 718, Institut d'Économie Industrielle (IDEI), Toulouse, revised Jan 2013.
- Amarante, Massimiliano & Ghossoub, Mario & Phelps, Edmund, 2015.
"Ambiguity on the insurer’s side: The demand for insurance,"
Journal of Mathematical Economics, Elsevier, vol. 58(C), pages 61-78.
- Massimiliano AMARANTE & Mario GHOSSOUB & Edmund PHELPS, 2015. "Ambiguity on the Insurer’s Side : The Demand for Insurance," Cahiers de recherche 04-2015, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- AMARANTE, Massimiliano & GHOSSOUB, Mario & PHELPS, Edmund, 2015. "Ambiguity on the insurer's side: the demand for insurance," Cahiers de recherche 2015-03, Universite de Montreal, Departement de sciences economiques.
- Eric LANGLAIS, 2008.
"On Insurance Contract Design For Low Probability Events,"
Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(2(4)_Summ).
- Eric Langlais, 2008. "On insurance contract design for low probability events," EconomiX Working Papers 2008-33, University of Paris Nanterre, EconomiX.
- Eric Langlais, 2008. "On insurance contract design for low probability events," Working Papers hal-04140722, HAL.
- Eric Langlais, 2008. "On insurance contract design for low probability events," Cahiers du CEREFIGE 0809, CEREFIGE (Centre Europeen de Recherche en Economie Financiere et Gestion des Entreprises), Universite de Lorraine, revised 2008.
- Christopher Gaffney & Adi Ben-Israel, 2016. "A simple insurance model: optimal coverage and deductible," Annals of Operations Research, Springer, vol. 237(1), pages 263-279, February.
- Mario Ghossoub, 2016. "Optimal Insurance with Heterogeneous Beliefs and Disagreement about Zero-Probability Events," Risks, MDPI, vol. 4(3), pages 1-28, August.
- Cohen Alma, 2006. "The Disadvantages of Aggregate Deductibles," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(1), pages 1-28, April.
- Wang, Qiuqi & Wang, Ruodu & Zitikis, Ričardas, 2022. "Risk measures induced by efficient insurance contracts," Insurance: Mathematics and Economics, Elsevier, vol. 103(C), pages 56-65.
- Cheung, K.C. & Chong, W.F. & Yam, S.C.P., 2015. "Convex ordering for insurance preferences," Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 409-416.
- Glenn W. Harrison & Jia Min Ng, 2018.
"Welfare effects of insurance contract non-performance,"
The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 39-76, May.
- Glenn W. Harrison & Jia Min Ng, 2018. "Welfare effects of insurance contract non-performance," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 43(1), pages 39-76, May.
- Lu, Zhiyi & Meng, Shengwang & Liu, Leping & Han, Ziqi, 2018. "Optimal insurance design under background risk with dependence," Insurance: Mathematics and Economics, Elsevier, vol. 80(C), pages 15-28.
- Mario Brandtner, 2016. "Spektrale Risikomaße: Konzeption, betriebswirtschaftliche Anwendungen und Fallstricke," Management Review Quarterly, Springer, vol. 66(2), pages 75-115, April.
- Chi, Yichun & Zhou, Xun Yu & Zhuang, Sheng Chao, 2024. "Variance insurance contracts," Insurance: Mathematics and Economics, Elsevier, vol. 115(C), pages 62-82.
- Christopher Gaffney & Adi Ben-Israel, 2016. "A simple insurance model: optimal coverage and deductible," Annals of Operations Research, Springer, vol. 237(1), pages 263-279, February.
- Ghossoub, Mario, 2019. "Optimal insurance under rank-dependent expected utility," Insurance: Mathematics and Economics, Elsevier, vol. 87(C), pages 51-66.
- Dana, R. A., 2004. "Market behavior when preferences are generated by second-order stochastic dominance," Journal of Mathematical Economics, Elsevier, vol. 40(6), pages 619-639, September.
- Chateauneuf, Alain & Cohen, Michele & Meilijson, Isaac, 2004.
"Four notions of mean-preserving increase in risk, risk attitudes and applications to the rank-dependent expected utility model,"
Journal of Mathematical Economics, Elsevier, vol. 40(5), pages 547-571, August.
- Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2004. "Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model," Post-Print halshs-00212281, HAL.
- Alain Chateauneuf & Michèle Cohen & Isaac Meilijson, 2004. "Four notions of mean preserving increase in risk, risk attitudes and applications to the Rank-Dependent Expected Utility model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00212281, HAL.
- Michael Breuer, 2004. "Optimal Insurance Contracts without the Non-Negativity Constraint on Indemnities Revisited," SOI - Working Papers 0406, Socioeconomic Institute - University of Zurich.
- J. David Cummins & Olivier Mahul, 2004. "The Demand for Insurance With an Upper Limit on Coverage," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 71(2), pages 253-264, June.
- repec:dau:papers:123456789/6697 is not listed on IDEAS
- Richard Watt & Francisco Vázquez & Ignacio Moreno, 2001. "An Experiment on Rational Insurance Decisions," Theory and Decision, Springer, vol. 51(2), pages 247-296, December.
- Michael Breuer, 2005. "Multiple Losses, EX ANTE Moral Hazard, and the Implications for Umbrella Policies," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(4), pages 525-538, December.
- Carole Bernard & Shaolin Ji & Weidong Tian, 2013. "An optimal insurance design problem under Knightian uncertainty," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 36(2), pages 99-124, November.
- Chi, Yichun & Liu, Fangda, 2017. "Optimal insurance design in the presence of exclusion clauses," Insurance: Mathematics and Economics, Elsevier, vol. 76(C), pages 185-195.
- Alexis Louaas and Pierre Picard, 2022.
"Optimal Nuclear Liability Insurance,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
- Alexis Louaas & Pierre Picard, 2022. "Optimal Nuclear Liability Insurance," The Energy Journal, , vol. 43(1), pages 97-115, January.
- Alexis Louaas & Pierre Picard, 2019. "Optimal nuclear liability insurance," Working Papers hal-01996648, HAL.
- Franke, Günter, 2004. "Transformation nicht-gehandelter in handelbare Kreditrisiken," CoFE Discussion Papers 04/08, University of Konstanz, Center of Finance and Econometrics (CoFE).
- Chi, Yichun, 2018. "Insurance choice under third degree stochastic dominance," Insurance: Mathematics and Economics, Elsevier, vol. 83(C), pages 198-205.
- Brandtner, Mario & Kürsten, Wolfgang, 2014. "Solvency II, regulatory capital, and optimal reinsurance: How good are Conditional Value-at-Risk and spectral risk measures?," Insurance: Mathematics and Economics, Elsevier, vol. 59(C), pages 156-167.
- Guillaume Carlier & Rose-Anne Dana, 2003. "Pareto efficient insurance contracts when the insurer's cost function is discontinuous," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(4), pages 871-893, June.
- Glenn W. Harrison & Jia Min Ng, 2019. "Behavioral insurance and economic theory: A literature review," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(2), pages 133-182, July.
- Michael Merz & Mario V. Wüthrich, 2014. "Demand of Insurance under the Cost-of-Capital Premium Calculation Principle," Risks, MDPI, vol. 2(2), pages 1-23, June.
- Donald Meyer & Jack Meyer, 2010. "Excluded losses and the demand for insurance," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 1-18, August.
- Malamud, Semyon & Rui, Huaxia & Whinston, Andrew, 2016. "Optimal reinsurance with multiple tranches," Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 71-82.
- M. Mercè Claramunt & Maite Mármol & Xavier Varea, 2023. "Facing a Risk: To Insure or Not to Insure—An Analysis with the Constant Relative Risk Aversion Utility Function," Mathematics, MDPI, vol. 11(5), pages 1-13, February.