Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125759491> ?p ?o ?g. }
Showing items 1 to 88 of
88
with 100 items per page.
- W3125759491 abstract "In his classical article in The American Economic Review, Arthur Raviv (1979) examines Pareto optimal insurance contracts when there are ex-post insurance costs c induced by the indemnity I for loss x. Raviv’s main result is that a necessary and sucient condition for the Pareto optimal deductible to be equal to zero is c 0 (I) = 0 for all I 0. We claim that another type of cost function is called for in household insurance, caused by frequent but relatively small claims. If a fixed cost is incurred each time a claim is made, we obtain a non-trivial Pareto optimal deductible even if the cost function does not vary with the indemnity. This implies that when the claims are relatively small, it is not optimal for the insured to get a compensation since the costs outweighs the benefits, and a deductible will naturally occur. We also discuss policies with an upper limit, and show that the insurer prefers such contracts, but the insured does not. In Raviv’s paper it was also shown that policies with upper limits are dominated by policies with no upper limit, when there are ex-post costs to insurance. We show that the result is right, but the proof is wrong." @default.
- W3125759491 created "2021-02-01" @default.
- W3125759491 creator A5081103279 @default.
- W3125759491 date "2010-08-31" @default.
- W3125759491 modified "2023-09-27" @default.
- W3125759491 title "Pareto Optimal Insurance Policies in the Presence of Administrative Costs" @default.
- W3125759491 cites W1485535210 @default.
- W3125759491 cites W1542589876 @default.
- W3125759491 cites W1557770428 @default.
- W3125759491 cites W1588079861 @default.
- W3125759491 cites W1912589976 @default.
- W3125759491 cites W1977028147 @default.
- W3125759491 cites W1985657719 @default.
- W3125759491 cites W1995118028 @default.
- W3125759491 cites W2006884477 @default.
- W3125759491 cites W2025611071 @default.
- W3125759491 cites W2039105106 @default.
- W3125759491 cites W2069559178 @default.
- W3125759491 cites W2088231327 @default.
- W3125759491 cites W2093404588 @default.
- W3125759491 cites W2112230784 @default.
- W3125759491 cites W2121034459 @default.
- W3125759491 cites W2978583061 @default.
- W3125759491 hasPublicationYear "2010" @default.
- W3125759491 type Work @default.
- W3125759491 sameAs 3125759491 @default.
- W3125759491 citedByCount "0" @default.
- W3125759491 crossrefType "posted-content" @default.
- W3125759491 hasAuthorship W3125759491A5081103279 @default.
- W3125759491 hasConcept C126255220 @default.
- W3125759491 hasConcept C134306372 @default.
- W3125759491 hasConcept C137635306 @default.
- W3125759491 hasConcept C14036430 @default.
- W3125759491 hasConcept C151201525 @default.
- W3125759491 hasConcept C162118730 @default.
- W3125759491 hasConcept C162324750 @default.
- W3125759491 hasConcept C21547014 @default.
- W3125759491 hasConcept C2776829726 @default.
- W3125759491 hasConcept C2779785115 @default.
- W3125759491 hasConcept C2986314615 @default.
- W3125759491 hasConcept C33923547 @default.
- W3125759491 hasConcept C68781425 @default.
- W3125759491 hasConcept C68799949 @default.
- W3125759491 hasConcept C78458016 @default.
- W3125759491 hasConcept C86803240 @default.
- W3125759491 hasConceptScore W3125759491C126255220 @default.
- W3125759491 hasConceptScore W3125759491C134306372 @default.
- W3125759491 hasConceptScore W3125759491C137635306 @default.
- W3125759491 hasConceptScore W3125759491C14036430 @default.
- W3125759491 hasConceptScore W3125759491C151201525 @default.
- W3125759491 hasConceptScore W3125759491C162118730 @default.
- W3125759491 hasConceptScore W3125759491C162324750 @default.
- W3125759491 hasConceptScore W3125759491C21547014 @default.
- W3125759491 hasConceptScore W3125759491C2776829726 @default.
- W3125759491 hasConceptScore W3125759491C2779785115 @default.
- W3125759491 hasConceptScore W3125759491C2986314615 @default.
- W3125759491 hasConceptScore W3125759491C33923547 @default.
- W3125759491 hasConceptScore W3125759491C68781425 @default.
- W3125759491 hasConceptScore W3125759491C68799949 @default.
- W3125759491 hasConceptScore W3125759491C78458016 @default.
- W3125759491 hasConceptScore W3125759491C86803240 @default.
- W3125759491 hasLocation W31257594911 @default.
- W3125759491 hasOpenAccess W3125759491 @default.
- W3125759491 hasPrimaryLocation W31257594911 @default.
- W3125759491 hasRelatedWork W1501379857 @default.
- W3125759491 hasRelatedWork W1536509137 @default.
- W3125759491 hasRelatedWork W1570049216 @default.
- W3125759491 hasRelatedWork W1972026455 @default.
- W3125759491 hasRelatedWork W1985657719 @default.
- W3125759491 hasRelatedWork W2026836033 @default.
- W3125759491 hasRelatedWork W2027898799 @default.
- W3125759491 hasRelatedWork W2030166886 @default.
- W3125759491 hasRelatedWork W2044465513 @default.
- W3125759491 hasRelatedWork W2054311837 @default.
- W3125759491 hasRelatedWork W2057319684 @default.
- W3125759491 hasRelatedWork W2232808244 @default.
- W3125759491 hasRelatedWork W2388975597 @default.
- W3125759491 hasRelatedWork W2750823619 @default.
- W3125759491 hasRelatedWork W3035783548 @default.
- W3125759491 hasRelatedWork W3124217356 @default.
- W3125759491 hasRelatedWork W3124595024 @default.
- W3125759491 hasRelatedWork W3125913412 @default.
- W3125759491 hasRelatedWork W2054776228 @default.
- W3125759491 hasRelatedWork W2138879726 @default.
- W3125759491 isParatext "false" @default.
- W3125759491 isRetracted "false" @default.
- W3125759491 magId "3125759491" @default.
- W3125759491 workType "article" @default.