Mossin's Theorem for Upper-Limit Insurance Policies |
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| Authors: | Harris Schlesinger |
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| Institution: | Harris Schlesinger is at the Department of Finance, University of Alabama, and USA Center of Finance &Econometrics, University of Konstanz, Germany; e-mail: . |
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| Abstract: | Although Mossin's Theorem (“full insurance with a fair premium and less‐than‐full coverage with a proportional premium loading”) is well known for the classes of coinsurance contracts and for deductible‐insurance contracts, it has not been proven for the class of upper‐limit insurance contracts. This article provides a proof for this case. |
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