Abstract
The following approach is an adaptation to the determination of a BMS of a suggestion by Ferreira (1977) for the Control Authorities of the Commonwealth of Massachusetts. It is based on the use of utility functions, which enable us to break the symmetry between overcharges and undercharges.
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© 1995 Springer Science+Business Media New York
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Lemaire, J. (1995). Penalization of Overcharges. In: Bonus-Malus Systems in Automobile Insurance. Huebner International Series on Risk, Insurance, and Economic Security, vol 19. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0631-3_12
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DOI: https://doi.org/10.1007/978-94-011-0631-3_12
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-4275-8
Online ISBN: 978-94-011-0631-3
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