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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
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Doherty, Neil A. | | en_US |
| dc.contributor.author | | Laux, Christian | | en_US |
| dc.contributor.author | | Muermann, Alexander | | en_US |
| dc.date.accessioned | | 2011-12-08 | | en_US |
| dc.date.accessioned | | 2012-04-20T17:09:31Z | | - |
| dc.date.available | | 2012-04-20T17:09:31Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/57366 | | - |
| dc.description.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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Center for Financial Studies Frankfurt, Main | | en_US |
| dc.relation.ispartofseries | | CFS Working Paper 2011/31 | | en_US |
| dc.subject.jel | | D68 | | en_US |
| dc.subject.jel | | G22 | | en_US |
| dc.subject.jel | | L14 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Deductible Insurance | | en_US |
| dc.subject.keyword | | Upper Limit | | en_US |
| dc.subject.keyword | | Implicit Insurance Contracts | | en_US |
| dc.subject.keyword | | Insurance Brokers | | en_US |
| dc.subject.stw | | Versicherungsökonomik | | en_US |
| dc.subject.stw | | Anreizvertrag | | en_US |
| dc.subject.stw | | Selbstbeteiligung | | en_US |
| dc.subject.stw | | Versicherungsvermittlung | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Insuring non-verifiable losses | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 67942671X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:cfswop:201131 | | - |
| Appears in Collections: | | CFS Working Paper Series, Universität Frankfurt a. M.
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