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-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …
Persistent link: https://www.econbiz.de/10009750235
This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the periods of retirement. Varying the time structure of the...
Persistent link: https://www.econbiz.de/10009750561
retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …
Persistent link: https://www.econbiz.de/10011541030
The "money's worth" measure has been used to assess whether annuities are fairly valued and also as evidence for adverse selection in the annuity market. However, a regulated life assurer with concerns about predicting long-run mortality may price annuities to reduce these risks which will...
Persistent link: https://www.econbiz.de/10013081487
retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement …
Persistent link: https://www.econbiz.de/10001731756
This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the periods of retirement. Varying the time structure of the...
Persistent link: https://www.econbiz.de/10011397919
This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the periods of retirement. Varying the time structure of the...
Persistent link: https://www.econbiz.de/10013321137
We study a competitive insurance market in which insurers have an imperfect informative advantage over policyholders … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a … lower market concentration may entail an increase in insurance premia. …
Persistent link: https://www.econbiz.de/10012053289
We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …
Persistent link: https://www.econbiz.de/10013072126
We study a monopoly insurance model with endogenous information acquisition. Through a continuous e ort choice …
Persistent link: https://www.econbiz.de/10013060910