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https://hdl.handle.net/10419/57366
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Doherty, Neil A. | en |
dc.contributor.author | Laux, Christian | en |
dc.contributor.author | Muermann, Alexander | en |
dc.date.accessioned | 2011-12-08 | - |
dc.date.accessioned | 2012-04-20T17:09:31Z | - |
dc.date.available | 2012-04-20T17:09:31Z | - |
dc.date.issued | 2011 | - |
dc.identifier.pi | urn:nbn:de:hebis:30:3-241157 | en |
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 |
dc.language.iso | eng | en |
dc.publisher | |aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aCFS Working Paper |x2011/31 | en |
dc.subject.jel | D6 | en |
dc.subject.jel | G22 | en |
dc.subject.jel | L14 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Deductible Insurance | en |
dc.subject.keyword | Upper Limit | en |
dc.subject.keyword | Implicit Insurance Contracts | en |
dc.subject.keyword | Insurance Brokers | en |
dc.subject.stw | Versicherungsökonomik | en |
dc.subject.stw | Anreizvertrag | en |
dc.subject.stw | Selbstbeteiligung | en |
dc.subject.stw | Versicherungsvermittlung | en |
dc.subject.stw | Theorie | en |
dc.title | Insuring non-verifiable losses | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 67942671X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:cfswop:201131 | en |
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