On insurance contract design for low probability events

This paper extends the analysis of insurance contracts design to the case of "low probability events", when there is a probability mass on the event "no accident-zero loss". The optimality of the deductible clause is discussed both at the theoretical and empirical levels.

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Year of publication:	2008
Authors:	LANGLAIS, Eric
Institutions:	EconomiX, Université Paris Ouest-Nanterre la Défense (Paris X)
Subject:	Optimal insurance design \| low probability events \| insurance coverage for catastrophic risks

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Extent:	application/pdf
Series:	EconomiX Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2008-33 39 pages
Classification:	D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005404301