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ON INSURANCE CONTRACT DESIGN FOR LOW PROBABILITY EVENTS

Eric Langlais

Journal of Applied Economic Sciences, 2008, vol. 3, issue 2(4)_Summer2008

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 "no accident-zero loss"-event. The optimality of the deductible clause is discussed both at the theoretical and empirical levels.

Keywords: Optimal insurance design; low probability events. (search for similar items in EconPapers)
Date: 2008
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Working Paper: On insurance contract design for low probability events (2008) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ush:jaessh:v:3:y:2008:i:2(4)_summer2008:24

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