Bowley Insurance with Expected Utility Maximization of the Policyholders
This paper examines the Bowley solution in the context of #insurance contracts using the expected utility framework. Specifically, the...
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Rechercher
16 sept. 2022
Flood Risk Insurance: A Micro-Economic Foundation
"... we characterize Pareto-optimal risk-sharing contracts in a market with multiple policyholders and one representative insurer. With...
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