Rearrangement inequalities in non-convex insurance models.

This paper provides an existence theorem for a class of infinite-dimensional non-convex problems arising in symmetric and asymmetric information models. Sufficient conditions for monotonicity of solutions are also given. The proofs are very simple and rely on rearrangement techniques and the concept of supermodularity. Several applications to insurance are given.

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Year of publication:	2005
Authors:	Carlier, Guillaume ; Dana, Rose-Anne
Institutions:	Université Paris-Dauphine
Subject:	Rearrangement inequalities \| Supermodularity \| Spence–Mirrlees condition \| Risk sharing problems

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Extent:	application/pdf
Series:	Open Access publications from Université Paris-Dauphine.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Journal of Mathematical Economics (2005) v.41, p.483-503
Classification:	G22 - Insurance; Insurance Companies ; D82 - Asymmetric and Private Information ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008783682