Fixed‐Reimbursement Insurance: Basic Properties and Comparative Statics

Louis Eeckhoudt, Olivier Mahul and John Moran

Journal of Risk & Insurance, 2003, vol. 70, issue 2, 207-218

Abstract: In a number of settings, insurance contracts specify a fixed reimbursement in the event of a loss which is not conditioned on the size of the realized loss. In this article, we explore the theoretical properties of this form of insurance and draw comparisons with other types of insurance policies, such as those based on coinsurance and deductibles. We also examine links between our results and those from the literature on precautionary saving.

Date: 2003
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Citations: View citations in EconPapers (7)

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https://doi.org/10.1111/1539-6975.00056

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Working Paper: Fixed-reimbursement insurance: basic properties and comparative statics (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jrinsu:v:70:y:2003:i:2:p:207-218

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