Imperfect Estimation of the Loss and Non-Linear Costs : The Optimal Design of Insurance Contracts.

In this paper we focus on optimal insurance contracts when the insured person is forced to bear a risk of wrong estimation of his loos made by the insurer. We extend the scope of the existing models by taking simultaneously into account non-linear administrative costs and prudence.

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Year of publication:	1997
Authors:	Spaeter, S
Subject:	INSURANCE \| RISK \| UNCERTAINTY \| DECISION MAKING

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Type of publication:	Book / Working Paper
Notes:	31 pages
Classification:	G22 - Insurance; Insurance Companies ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005641005