Fixed-Reimbursement Insurance: Basic Properties and Comparative Statics

Louis Eeckhoudt, Olivier Mahul, John Moran

Research output: Contribution to journalArticle

5 Scopus citations

Abstract

In a number of settings, insurance contracts specify a fixed reimbursement in the event of a loss which is not conditioned on the size of the realized loss. In this article, we explore the theoretical properties of this form of insurance and draw comparisons with other types of insurance policies, such as those based on coinsurance and deductibles. We also examine links between our results and those from the literature on precautionary saving.

Original languageEnglish (US)
Pages (from-to)207-218
Number of pages12
JournalJournal of Risk and Insurance
Volume70
Issue number2
DOIs
StatePublished - Jun 2003

All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Economics and Econometrics

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