I'd encourage anyone interested in the subject to read this paper doesn't cover tontine's directly... https://www.aeaweb.org/articles?id=10.1257/jep.25.4.143 h

I'd encourage anyone interested in the subject to read this paper doesn't cover tontine's directly... https://www.aeaweb.org/articles?id=10.1257/jep.25.4.143 https://www.aeaweb.org/articles?id=10.1257/jep.25.4.143