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Insurance economics

Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
49 KB
Volume
22
Category
Article
ISSN
0167-6687

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This paper presents a new approach for pricing insurance contracts, based both on economic and probabilistic arguments. The novel property of this approach is that it uses the demand for insurance to find the optimal premium an insurer should charge. Our approach stands in contrast to the standard l