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Preprints, Working Papers, ... Year : 2017

Splitting Risks in Insurance Markets In Adverse Selection

Pierre Picard
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Abstract

We characterize the design of insurance schemes when policyhold- ers face several insurable risks in a context of adverse selection. Split- ting risks emerges as a feature of second-best Pareto-optimal alloca- tions. This may take the form of risk-speci…c contracts, or of con- tracts where risks are bundled, but subject to di⁄erential coverage rules such as risk speci…c copayments, combined with a deductible, an out-of-pocket maximum or a cap on coverage.
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Dates and versions

hal-01448322 , version 1 (27-01-2017)
hal-01448322 , version 2 (07-02-2017)
hal-01448322 , version 3 (05-04-2017)
hal-01448322 , version 4 (08-09-2017)

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  • HAL Id : hal-01448322 , version 1

Cite

Pierre Picard. Splitting Risks in Insurance Markets In Adverse Selection. 2017. ⟨hal-01448322v1⟩
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