How to cite this paper
Gharakhani, M., Nasiri, F & Alizadeh, M. (2016). A utility theory approach for insurance pricing.Accounting, 2(4), 151-160.
Refrences
Aase, K. K. (2010). Pareto optimal insurance policies in the presence of administrative costs. NHH Dept. of Finance & Management Science Discussion Paper, (2010/7).
Arrow, K. J. (1971). Essays in the theory of risk-bearing. Markharm Publishing Company, Chicago, Illinois.
Arrow, K. J. (1974). Optimal insurance and generalized deductibles. Scandinavian Actuarial Journal, 1974(1), 1-42.
Arrow, K. J. (1965). Uncertainty and the welfare economics of medical care: reply (the implications of transaction costs and adjustment lags). The American economic review, 55(1/2), 154-158.
Barniv, R., Schroath, F., & Spivak, A. (1999). The relationship between deductibles and wealth: The case of flood insurance. Journal of Insurance Issues, 78-97.
Blazenko, G. (1985). The design of an optimal insurance policy: note. The American Economic Review, 75(1), 253-255.
Borch, K. (1975). Optimal insurance arrangements. Astin Bulletin, 8(03), 284-290.
Chitgopekar, S. S. (2000). Relationship between Deductibles and Expected Payouts for Insurance Policies.
Dana, R. A., & Scarsini, M. (2007). Optimal risk sharing with background risk. Journal of Economic Theory, 133(1), 152-176.
Demers, F., & Demers, M. (1991). Increases in risk and the optimal deductible. The Journal of Risk and Insurance, 58(4), 670-699.
Doherty, N. A., & Schlesinger, H. (1983). The optimal deductible for an insurance policy when initial wealth is random. Journal of Business, 555-565.
Dreze, J. H. (1981). Inferring risk tolerance from deductibles in insurance contracts. Geneva Papers on Risk and Insurance, 48-52.
Eeckhoudt, L., Gollier, C., & Schlesinger, H. (1991). Increases in risk and deductible insurance. Journal of economic Theory, 55(2), 435-440.
Gollier, C. (1987). The design of optimal insurance contracts without the nonnegativity constraint on claims. The Journal of Risk and Insurance, 54(2), 314-324.
Gollier, C. (1996). Optimum insurance of approximate losses. Journal of Risk and Insurance, 369-380.
Gollier, C. (2003). To insure or not to insure? : an insurance puzzle. The Geneva Papers on Risk and Insurance Theory, 28(1), 5-24
Gollier, C., & Schlesinger, H. (1996). Arrow's theorem on the optimality of deductibles: a stochastic dominance approach. Economic Theory, 7(2), 359-363.
Gollier, C., & Schlesinger, H. (1995). Second-best insurance contract design in an incomplete market. The Scandinavian Journal of Economics, 123-135.
Huberman, G., Mayers, D., & Smith Jr, C. W. (1983). Optimal insurance policy indemnity schedules. The Bell Journal of Economics, 415-426
Kunreuther, H., & Pauly, M. V. (2006). Insurance decision-making and market behavior. Now publishers Inc.
Meyer, J., & Ormiston, M. B. (1999). Analyzing the demand for deductible insurance. Journal of Risk and Uncertainty, 18(3), 223-230.
Park, C. S., & Sharp-Bette, G. P. (1990). Advanced engineering economics. Wiley
Raviv, A. (1979). The design of an optimal insurance policy. The American Economic Review, 69(1), 84-96.
Rees, R., & Wambach, A. (2008). The microeconomics of insurance. Now Publishers Inc.
Schlesinger, H. (1981). The optimal level of deductibility in insurance contracts. Journal of risk and insurance, 465-481.
Shavell, S. (1979). On moral hazard and insurance (pp. 280-301). Springer Netherlands.
Schlesinger, H. (2000). The theory of insurance demand. In Handbook of insurance (pp. 131-151). Springer Netherlands. Revised, in G. Dionne, Handbook of Insurance, February 2012.
Arrow, K. J. (1971). Essays in the theory of risk-bearing. Markharm Publishing Company, Chicago, Illinois.
Arrow, K. J. (1974). Optimal insurance and generalized deductibles. Scandinavian Actuarial Journal, 1974(1), 1-42.
Arrow, K. J. (1965). Uncertainty and the welfare economics of medical care: reply (the implications of transaction costs and adjustment lags). The American economic review, 55(1/2), 154-158.
Barniv, R., Schroath, F., & Spivak, A. (1999). The relationship between deductibles and wealth: The case of flood insurance. Journal of Insurance Issues, 78-97.
Blazenko, G. (1985). The design of an optimal insurance policy: note. The American Economic Review, 75(1), 253-255.
Borch, K. (1975). Optimal insurance arrangements. Astin Bulletin, 8(03), 284-290.
Chitgopekar, S. S. (2000). Relationship between Deductibles and Expected Payouts for Insurance Policies.
Dana, R. A., & Scarsini, M. (2007). Optimal risk sharing with background risk. Journal of Economic Theory, 133(1), 152-176.
Demers, F., & Demers, M. (1991). Increases in risk and the optimal deductible. The Journal of Risk and Insurance, 58(4), 670-699.
Doherty, N. A., & Schlesinger, H. (1983). The optimal deductible for an insurance policy when initial wealth is random. Journal of Business, 555-565.
Dreze, J. H. (1981). Inferring risk tolerance from deductibles in insurance contracts. Geneva Papers on Risk and Insurance, 48-52.
Eeckhoudt, L., Gollier, C., & Schlesinger, H. (1991). Increases in risk and deductible insurance. Journal of economic Theory, 55(2), 435-440.
Gollier, C. (1987). The design of optimal insurance contracts without the nonnegativity constraint on claims. The Journal of Risk and Insurance, 54(2), 314-324.
Gollier, C. (1996). Optimum insurance of approximate losses. Journal of Risk and Insurance, 369-380.
Gollier, C. (2003). To insure or not to insure? : an insurance puzzle. The Geneva Papers on Risk and Insurance Theory, 28(1), 5-24
Gollier, C., & Schlesinger, H. (1996). Arrow's theorem on the optimality of deductibles: a stochastic dominance approach. Economic Theory, 7(2), 359-363.
Gollier, C., & Schlesinger, H. (1995). Second-best insurance contract design in an incomplete market. The Scandinavian Journal of Economics, 123-135.
Huberman, G., Mayers, D., & Smith Jr, C. W. (1983). Optimal insurance policy indemnity schedules. The Bell Journal of Economics, 415-426
Kunreuther, H., & Pauly, M. V. (2006). Insurance decision-making and market behavior. Now publishers Inc.
Meyer, J., & Ormiston, M. B. (1999). Analyzing the demand for deductible insurance. Journal of Risk and Uncertainty, 18(3), 223-230.
Park, C. S., & Sharp-Bette, G. P. (1990). Advanced engineering economics. Wiley
Raviv, A. (1979). The design of an optimal insurance policy. The American Economic Review, 69(1), 84-96.
Rees, R., & Wambach, A. (2008). The microeconomics of insurance. Now Publishers Inc.
Schlesinger, H. (1981). The optimal level of deductibility in insurance contracts. Journal of risk and insurance, 465-481.
Shavell, S. (1979). On moral hazard and insurance (pp. 280-301). Springer Netherlands.
Schlesinger, H. (2000). The theory of insurance demand. In Handbook of insurance (pp. 131-151). Springer Netherlands. Revised, in G. Dionne, Handbook of Insurance, February 2012.