Optimality of deductible: a characterization, with application to Yaari’s dual theory
Alain Chateauneuf,
Michèle Cohen and
Mina Mostoufi ()
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Mina Mostoufi: Allianz Benelux
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Abstract:
The main purpose of this paper is to show that left-monotone risk aversion, a meaningful refinement of strong risk aversion, characterizes decision makers for whom deductible insurance is optimal. A second goal is to prove that the deductible's computation is particularly tractable in the case of Yaari's decision makers.
Keywords: Yaari’s model; Jewitt’s left-monotone risk aversion; Optimality of deductible (search for similar items in EconPapers)
Date: 2022-04
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Published in Theory and Decision, 2022, 92, pp.569-580. ⟨10.1007/s11238-022-09880-1⟩
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Related works:
Journal Article: Optimality of deductible: a characterization, with application to Yaari’s dual theory (2022) 
Working Paper: Optimality of deductible: a characterization, with application to Yaari’s dual theory (2022)
Working Paper: Optimality of deductible: a characterization, with application to Yaari’s dual theory (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03722936
DOI: 10.1007/s11238-022-09880-1
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