Nonidentification of Insurance Models with Probability of Accidents

In contrast to Aryal, Perrigne and Vuong (2009), this note shows that in an insurance model with multidimensional screening when only information on whether the insuree has been involved in some accident is available, the joint distribution of risk and risk aversion is not identified.

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Year of publication:	2011-08
Authors:	Aryal, Gaurab ; Perrigne, Isabelle ; Vuong, Quang
Institutions:	College of Business and Economics, Australian National University

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Extent:	application/pdf
Series:	ANU Working Papers in Economics and Econometrics.
Type of publication:	Book / Working Paper
Notes:	15 pages longPages
Classification:	C14 - Semiparametric and Nonparametric Methods ; L62 - Automobiles; Other Transportation Equipment ; D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009274487