Optimal Insurance Policies when Prudence and Non-Linear Costs are Jointly Considered.

This paper deals with the optimal design of insurance contracts when the administrative costs borne by a risk-neutral insurer are non-linear and when the insured person bears a single risk. Thanks to a unique optimality condition, we unify and generalize the results stressed in the literature, notably for convex and concave costs.

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Year of publication:	1997
Authors:	Spaeter, S
Subject:	INSURANCE

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Type of publication:	Book / Working Paper
Notes:	30 pages
Classification:	G22 - Insurance; Insurance Companies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005035857