ARROWS THEOREM ON THE OPTIMALITY OF DEDUCTIBLES - A STOCHASTIC-DOMINANCE APPROACH

Authors
GOLLIER C SCHLESINGER H
Citation
C. Gollier et H. Schlesinger, ARROWS THEOREM ON THE OPTIMALITY OF DEDUCTIBLES - A STOCHASTIC-DOMINANCE APPROACH, Economic theory, 7(2), 1996, pp. 359-363
Citations number
17
Categorie Soggetti
Economics
Journal title
Economic theory → ACNP
ISSN journal
09382259
Volume
7
Issue
2
Year of publication
1996
Pages
359 - 363
Database
ISI
SICI code
0938-2259(1996)7:2<359:ATOTOO>2.0.ZU;2-N
Abstract
We provide a new proof for the optimality of deductible insurance that does not depend on the expected-utility hypothesis. Our model uses on ly first- and second-degree stochastic dominance arguments.