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Published in 2020 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.02.012
Abstract: Abstract The literature on optimal insurance typically considers optimal risk sharing between one insurer (or reinsurer) and one insurance prospect. However, the insurance business is based on diversification benefits that arise when pooling many insurance…
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Keywords:
risk;
presence multiple;
insurance;
multiple policyholders ... See more keywords