HIGHLIGHTS
- who: Are generalized call-spreads efficient? and colleagues from the (UNIVERSITY) have published the research work: Are generalized call-spreads eufb03cient?, in the Journal: (JOURNAL)
- what: Ru2208P Assuming that both agents have utilities of type , with strictly concave utility index and different epsilons, the authors show that if the insurer takes more into account extreme losses than the insured, then the optimal contract has an upper limit. The authors provide here another explanation for deductibles. The authors show that if the sensitivity to the certainty effect of the first agent is moderate, then the authors . . .
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