Optimal risk sharing
dc.contributor.author | Aase, Knut K. | |
dc.date.accessioned | 2006-07-13T08:08:53Z | |
dc.date.available | 2006-07-13T08:08:53Z | |
dc.date.issued | 2003-01 | |
dc.identifier.issn | 1500-4066 | |
dc.identifier.uri | http://hdl.handle.net/11250/163741 | |
dc.description.abstract | Optimal risk sharing is considered from the perspective of the risk sharing model introduced by Karl Borch in the late 50ies. First we introduce, in a modern setting, the main concepts from this theory. These we apply on the risk sharing problem between an insurer and an insurance customer. We motivate the development through a simple example, illustrating some fine points of this theory. In order to explain deductibles, we separately introduce (i) costs, and (ii) moral hazard in the neoclassical model , the latter case also illustrated by an example. | en |
dc.format.extent | 308856 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | eng | en |
dc.publisher | Norwegian School of Economics and Business Administration. Department of Finance and Management Science | en |
dc.relation.ispartofseries | Discussion paper | en |
dc.relation.ispartofseries | 2003:2 | en |
dc.subject | reinsurance exchange | en |
dc.subject | equilibrium | en |
dc.subject | pareto optimality | en |
dc.subject | representative agent | en |
dc.subject | core solution | en |
dc.subject | individual rationality | en |
dc.subject | deductibles | en |
dc.subject | costs | en |
dc.subject | moral hazard | en |
dc.title | Optimal risk sharing | en |
dc.type | Working paper | en |
Tilhørende fil(er)
Denne innførselen finnes i følgende samling(er)
-
Discussion papers (FOR) [564]