๐”– Bobbio Scriptorium
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Optimal multi-period insurance contracts

โœ Scribed by Itzhak Venezia; Haim Levy


Book ID
107918811
Publisher
Elsevier Science
Year
1983
Tongue
English
Weight
877 KB
Volume
2
Category
Article
ISSN
0167-6687

No coin nor oath required. For personal study only.


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In a multi-period setting that is equivalent to the classic Rothschild-Stiglitz adverse selection situation, we prove that if insurers do not gather information on accidents over time, then the inability to commit to contract renewals is sufficient for the optimal contract sequence to be periodic re