Publication

Optimal Multiattribute Sreening

Thomas Alois Weber
2016
Journal Articles

Abstract

We provide a technique for constructing optimal multiattribute screening contracts in a general setting with one-dimensional types based on necessary optimality conditions. Our approach allows for type-dependent participation constraints and arbitrary risk proles. As an example we discuss optimal insurance contracts.

Official source

Thomas Alois Weber
2016
Journal Articles

Abstract

Official source

Related concepts (12)

Optimal control

Optimal control theory is a branch of mathematical optimization that deals with finding a control for a dynamical system over a period of time such that an objective function is optimized. It has numerous applications in science, engineering and operations research. For example, the dynamical system might be a spacecraft with controls corresponding to rocket thrusters, and the objective might be to reach the moon with minimum fuel expenditure.

Three-dimensional space

In geometry, a three-dimensional space (3D space, 3-space or, rarely, tri-dimensional space) is a mathematical space in which three values (coordinates) are required to determine the position of a point. Most commonly, it is the three-dimensional Euclidean space, the Euclidean n-space of dimension n=3 that models physical space. More general three-dimensional spaces are called 3-manifolds. Technically, a tuple of n numbers can be understood as the Cartesian coordinates of a location in a n-dimensional Euclidean space.

Social contract

In moral and political philosophy, the social contract is a theory or model that originated during the Age of Enlightenment and usually, although not always, concerns the legitimacy of the authority of the state over the individual. Social contract arguments typically are that individuals have consented, either explicitly or tacitly, to surrender some of their freedoms and submit to the authority (of the ruler, or to the decision of a majority) in exchange for protection of their remaining rights or maintenance of the social order.

Related publications (29)

Optimal Multiattribute Sreening

Graph Chatbot

Nonlinear dynamics and Kerr frequency comb formation in lattices of coupled microresonators

Long-range electrostatic contribution to electron-phonon couplings and mobilities of two-dimensional and bulk materials

Lightning Localization Using Three-Dimensional Time Reversal MUltiple SIgnal Classification (TR-MUSIC) Algorithm