The Demand for insurance with an upper limit on coverage

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<rdf:Description>
<dc:creator>Cummins, J. David</dc:creator>
<dc:creator>Mahul, Olivier</dc:creator>
<dc:date>2004-03-01</dc:date>
<dc:description xml:lang="es">The demand for insurance is examined when the indemnity schedule is subject to an upper limit. The optimal contract is shown to display full insurance above a deductible up to the cap. Some result derived in the standard model with no upper limit on coverage turn out to be invalid; the optimal deductible of an actuarially fair policy is positive and insurance may be a normal good under decreasing absolute risk aversion. An increase in the upper limit would induce the policyholders with constant absolute risk aversion to reduce his or her optimal deductible and therefore this would increase the demand for insurance against small losses</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/57349.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Coberturas</dc:subject>
<dc:subject xml:lang="es">Contrato de seguro</dc:subject>
<dc:subject xml:lang="es">Matemática del seguro</dc:subject>
<dc:subject xml:lang="es">Demanda de seguros</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">The Demand for insurance with an upper limit on coverage</dc:title>
<dc:title xml:lang="es">Título: The Journal of risk and insurance</dc:title>
<dc:relation xml:lang="es">En: The Journal of risk and insurance. - Orlando. - Volume 71, number 1, March 2004 ;  p. 213-251</dc:relation>
</rdf:Description>
</rdf:RDF>