Arrow's theorem on the optimality of deductibles: A stochastic dominance approach (*)

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 7
Issue: 2
Pages: 359-363

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We provide a new proof for the optimality of deductible insurance that does not depend on the expected-utility hypothesis. Our model uses only first- and second-degree stochastic dominance arguments.

Technical Details

RePEc Handle
repec:spr:joecth:v:7:y:1996:i:2:p:359-363
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25