@article {edsbas.ftzbwkiel.oai.econstor.eu.10419.2588920060101,
	title = {Differentiated annuities in a pooling equilibrium.},
	year = {2006},
	abstract = {Regular annuities provide payment for the duration of an owner{\textquoteright}s lifetime. Period-Certain annuities provide additional payment after death to a beneficiary provided the insured dies within a certain period after annuitization. It has been argued that the bequest option offered by the latter is dominated by life insurance which provides non-random bequests. This is correct if competitive annuity and life insurance markets have full information about individual longevities. In contrast, this paper shows that when individual longevities are private information, a competitive pooling equilibrium which offers annuities at common prices to all individuals may have positive amounts of both types [...]},
	keywords = {D11, D82, ddc:330},
	url = {http://search.ebscohost.com/login.aspx?direct=true\&db=edsbas\&AN=edsbas.ftzbwkiel.oai.econstor.eu.10419.25889\&site=eds-live},
	author = {Sheshinski, Eytan}
}
