Repeated insurance contracts and moral hazard

Ariel Rubinstein; Menahem E. Yaari

doi:10.1016/0022-0531(83)90094-7

Repeated insurance contracts and moral hazard

Ariel Rubinstein^*
, Menahem E. Yaari

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

135 Scopus citations

Abstract

An attempt is made to account for the frequently observed phenomenon of insurance companies offering discounts to clients who possess a favorable record of past claims. We argue that such discounts provide a mechanism which enables both insurer and insured to counteract the inefficiency which arises from moral hazard.

Original language	English
Pages (from-to)	74-97
Number of pages	24
Journal	Journal of Economic Theory
Volume	30
Issue number	1
DOIs	https://doi.org/10.1016/0022-0531(83)90094-7
State	Published - Jun 1983

Access to Document

10.1016/0022-0531(83)90094-7

Cite this

@article{6a6f90d9b369482bba29b9933665c4db,

title = "Repeated insurance contracts and moral hazard",

abstract = "An attempt is made to account for the frequently observed phenomenon of insurance companies offering discounts to clients who possess a favorable record of past claims. We argue that such discounts provide a mechanism which enables both insurer and insured to counteract the inefficiency which arises from moral hazard.",

author = "Ariel Rubinstein and Yaari, \{Menahem E.\}",

year = "1983",

month = jun,

doi = "10.1016/0022-0531(83)90094-7",

language = "אנגלית",

volume = "30",

pages = "74--97",

journal = "Journal of Economic Theory",

issn = "0022-0531",

publisher = "Academic Press Inc.",

number = "1",

}

TY - JOUR

T1 - Repeated insurance contracts and moral hazard

AU - Rubinstein, Ariel

AU - Yaari, Menahem E.

PY - 1983/6

Y1 - 1983/6

N2 - An attempt is made to account for the frequently observed phenomenon of insurance companies offering discounts to clients who possess a favorable record of past claims. We argue that such discounts provide a mechanism which enables both insurer and insured to counteract the inefficiency which arises from moral hazard.

AB - An attempt is made to account for the frequently observed phenomenon of insurance companies offering discounts to clients who possess a favorable record of past claims. We argue that such discounts provide a mechanism which enables both insurer and insured to counteract the inefficiency which arises from moral hazard.

UR - https://www.scopus.com/pages/publications/0002678654

U2 - 10.1016/0022-0531(83)90094-7

DO - 10.1016/0022-0531(83)90094-7

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:0002678654

SN - 0022-0531

VL - 30

SP - 74

EP - 97

JO - Journal of Economic Theory

JF - Journal of Economic Theory

IS - 1

ER -

Repeated insurance contracts and moral hazard

Abstract

Access to Document

Other files and links

Fingerprint

Cite this