Insurance Contracts as Commodities: A Note
将一般均衡理论的新进展应用于衡量保险业实际产出，将保险合约视为复杂的激励相容商品，而非基本商品的组合。
This paper extends recent developments in general equilibrium theory and applies them to the problem of measuring the real output of an economy's insurance sector. These developments permit a priced commodity to be a complex incentive-compatible contract. These contracts are not bundles of more basic commodities. These contracts are elementary in the same sense that event-contingent goods deliveries are elementary in the Arrow- Debreu framework.