Pareto Efficient Insurance with Multiple Policyholders, Multiple Insurers, and Multiple Indemnity Environments
arXiv:2606.30779
Abstract
This paper proves a sum-minimization characterization of Pareto efficient insurance with multiple policyholders, multiple insurers, and multiple indemnity environments. We also provide a result regarding the pairwise implementability of the policyholder- and insurer-aggregate level arrangements in the multiple policyholders and multiple insurers setting.