On insurance contract design for low probability events

Eric Langlais

Working Papers from HAL

Abstract: 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.

Keywords: Optimal insurance design; low probability events; insurance coverage for catastrophic risks (search for similar items in EconPapers)
Date: 2008
Note: View the original document on HAL open archive server: https://hal.science/hal-04140722
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Related works:
Journal Article: ON INSURANCE CONTRACT DESIGN FOR LOW PROBABILITY EVENTS (2008)
Working Paper: On insurance contract design for low probability events (2008)
Working Paper: On insurance contract design for low probability events (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-04140722

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