Optimal insurance with background risk: An analysis of general dependence structures
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DOI: 10.1007/s00780-020-00429-0
Abstract: In this paper, we consider an optimal insurance problem from the perspective of a risk-averse individual who faces an insurable risk as well as some background risk and wants to maximise the expected utility of… read more here.
Keywords: risk; background risk; general dependence; insurance ... See more keywords