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
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.jaes.reprograph.ro/articles/Langlais.pdf (application/pdf)

Related works:
Working Paper: 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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ush:jaessh:v:3:y:2008:i:2(4)_summer2008:24

Access Statistics for this article

Journal of Applied Economic Sciences is currently edited by Laura Stefanescu

More articles in Journal of Applied Economic Sciences from Spiru Haret University, Faculty of Financial Management and Accounting Craiova Contact information at EDIRC.
Bibliographic data for series maintained by Laura Stefanescu ().