Insurance Contracts as Commodities: A Note

S-Tier
Journal: Review of Economic Studies
Year: 1991
Volume: 58
Issue: 5
Pages: 917-928

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper extends recent developments in general equilibrium theory and applies them to the problem of measuring the real output of an economy's insurance sector. These developments permit a priced commodity to be a complex incentive-compatible contract. These contracts are not bundles of more basic commodities. These contracts are elementary in the same sense that event-contingent goods deliveries are elementary in the Arrow- Debreu framework.

Technical Details

RePEc Handle
repec:oup:restud:v:58:y:1991:i:5:p:917-928.
Journal Field
General
Author Count
2
Added to Database
2026-01-29