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self-insurance, self-protection and market insurance obtained by Ehrlich and Becker (1972) under the expected utility …
Persistent link: https://www.econbiz.de/10005486627
the individual prevention levels. The dynamic paths are described either in an economy without insurance, or in an economy … with insurance where the information is or is not perfect. …
Persistent link: https://www.econbiz.de/10005474733
self-insurance, self-protection and market insurance obtained by Ehrlich and Becker (1972) under the expected utility …
Persistent link: https://www.econbiz.de/10010925498
goal of this paper is to show a case where an excise tax levied on a certain insurance service is preferred to a poll tax …
Persistent link: https://www.econbiz.de/10005775499
This paper attemps to rationalize the use of insurance covenants in financial contracts, and shows how external … financing generates a demand for insurance by risk-neutral entrepreneurs. In our model, the entrepreneur needs external … insurance and banking activities are exogenously separated. Finally, we show how are results imply 'induced risk aversion' for …
Persistent link: https://www.econbiz.de/10005780736
This article deals with optimal insurance contracts in an imprecise probabilities framework. The informational …
Persistent link: https://www.econbiz.de/10005780740
We provide a two-period model of competition in insurance market under incomplete information. Each agent, together …
Persistent link: https://www.econbiz.de/10005625800
This article follows a previous study on insurance fraud in the Quebec automobile insurance industry (Dionne and …
Persistent link: https://www.econbiz.de/10005618703
This paper, instead of focusing on agency cost, analyzes the role of risk-sharing under problems of enforceability (default) to explain the optimal determination of capital structure. Optimal contract structure presents equity and debt.
Persistent link: https://www.econbiz.de/10005697699
and quantity of their life insurance, to evaluate whether asymmetric information is a barrier to trade in insurace markets. …
Persistent link: https://www.econbiz.de/10005245380