Title of article :
Optimal coverage for incompletely reliable insurance
Author/Authors :
Olivier Mahul، نويسنده , , Brian D. Wright، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2007
Abstract :
Optimal actuarially fair coverage of insurance subject to default risk can be less or more than full, depending upon the relation between the recovery rate under default and a positive trigger level that is independent of the insuredʹs risk preference
Keywords :
Insurance contract design , Partial payment , Default risk , Incomplete markets
Journal title :
Economics Letters
Journal title :
Economics Letters
