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Pareto-Optimal Profit-Sharing
Published online by Cambridge University Press: 29 August 2014
Abstract
The Pareto-optimal design for profit-sharing is derived under general assumptions as to the utility function of both the insured and the insurer. This generalizes the result of Jones and Gerber and explains commonly used dividend formulas in terms of risk aversion.
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- Copyright © International Actuarial Association 1988
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