Fixed-Reimbursement Insurance: Basic Properties and Comparative Statics.
Journal of Risk and Insurance 2003, June, 70, 2
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- €2.99
Publisher Description
ABSTRACT In a number of settings, insurance contracts specify a fixed reimbursement in the event of a loss which is not conditioned on the size of the realized loss. In this article, we explore the theoretical properties of this form of insurance and draw comparisons with other types of insurance policies, such as those based on coinsurance and deductibles. We also examine links between our results and those from the literature on precautionary saving.
GENRE
Business & Personal Finance
RELEASED
2003
1 June
LANGUAGE
EN
English
LENGTH
23
Pages
PUBLISHER
American Risk and Insurance Association, Inc.
PROVIDER INFO
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
270
KB
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