Optimal insurance under costly falsification and costly, inexact verification

DOI10.1016/J.JEDC.2007.06.014MaRDI QIDQ844672zbMATHOpenAlexFDO

Authors Arthur Hau

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2007.06.014

zbMATH Keywords

revelation principleclaim falsificationinexact verificationoptimal indemnity scheduleoptimal insurance contract

Mathematics Subject Classification ID

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Cites work

• scientific article; zbMATH DE number 3342731 (Why is no real title available?)
• Game theory
• Incentive Compatibility and the Bargaining Problem
• Optimal contracts and competitive markets with costly state verification

Cited in

(6)

• A continuous-time optimal insurance design with costly monitoring
• Stochastic costly state verification and dynamic contracts
• Optimal claim behaviour for third-party liability insurances with perfect information
• Replacement cost endorsement and opportunistic fraud in automobile insurance
• Costly risk verification without commitment in competitive insurance markets
• The cost of false alarms in Hellman and rainbow tradeoffs

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