De Donder, Philippe (contributor); … - 2006
illustrate this claim, we provide a model where, although we assume that
individuals differ in risk aversion and that the more ….
Wedevelopasimpleinsurancemodelwithmoralhazardandadverse-selection
based on risk aversion. We assume two types of individuals differing in risk
aversion, so that we can use …. Second, individuals choose which contract if any to buy depending
on their risk aversion. Finally, given the contract chosen …