Finding Pareto Optimal Insurance Contracts

Y.M. Ermoliev and Sjur Flåm

Norway; Department of Economics, University of Bergen from Department of Economics, University of Bergen

Abstract: This note deals with on-line computatin of learning of Pareto optimal insurance contracts. We account for the fact that the loss distribution often is unknown, unavailable, or intractable. Alternatively, the contracting parties could be inexperienced. In both cases losses must be simulated of observed, on at a time, these causing iterated revisions of the premium.

Keywords: INSURANCE; CONTRACTS; RISK (search for similar items in EconPapers)
JEL-codes: G22 L14 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2001
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:bereco:0501

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