Concurrence et antisélection multidimensionnelle en assurance

ln the Rothschild and Stiglitz model, assuming differences in risk aversions may lead to unusual equilibrium configurations like multiple equilibria, equilibrium positive profits, or random contracts. We characterize the various types of equilibria and give results on the determinants of the equilibrium regime. We conclude with a few remarks on classical equilibrium concepts in insurance economics, and we suggest policy implications.

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Year of publication:	2003
Authors:	VILLENEUVE, Bertrand
Published in:	Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 2003, 69, p. 119-142
Publisher:	École Nationale de la Statistique et de l'Admnistration Économique (ENSAE)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005065759