Monopoly, non-linear pricing, and imperfect information: a reconsideration of the insurance market
Szalay, Dezsö (2008) Monopoly, non-linear pricing, and imperfect information: a reconsideration of the insurance market. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.863).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
I reconsider Stiglitz's (1977) problem of monopolistic insurance with a continuum of types. Using a suitable transformation of control variables I obtain an analytical characterization of the optimal insurance policies. Closed form solutions and comparative statics results for special cases are provided.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HG Finance|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Insurance -- Mathematics, Nonlinear pricing, Risk assessment -- Mathematical models, Competition|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||11 September 2008|
|Number of Pages:||22|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
 An, M.Y., (1998) "Logconcavity versus Logconvexity:A Complete Characterization", Journal of Economic Theory, 80, 350-369.
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