EconStor >
Goethe-Universität Frankfurt am Main >
Center for Financial Studies (CFS), Universität Frankfurt a. M.  >
CFS Working Paper Series, Universität Frankfurt a. M. >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/57366
  
Title:Insuring non-verifiable losses PDF Logo
Authors:Doherty, Neil A.
Laux, Christian
Muermann, Alexander
Issue Date:2011
Series/Report no.:CFS Working Paper 2011/31
Abstract:Insurance contracts are often complex and difficult to verify outside the insurance relation. We show that standard one-period insurance policies with an upper limit and a deductible are the optimal incentive-compatible contracts in a competitive market with repeated interaction. Optimal group insurance policies involve a joint upper limit but individual deductibles and insurance brokers can play a role implementing such contracts for the group of clients. Our model provides new insights and predictions about the determinants of insurance.
Subjects:Deductible Insurance
Upper Limit
Implicit Insurance Contracts
Insurance Brokers
JEL:D68
G22
L14
Persistent Identifier of the first edition:urn:nbn:de:hebis:30:3-241157
Document Type:Working Paper
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

Files in This Item:
File Description SizeFormat
67942671X.pdf342.44 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/57366

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.