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Indifference fee rate for variable annuities
Chevalier, Etienne; Lim, Thomas; Roméro, Ricardo Romo - HAL - 2014
In this paper, we work on indifference valuation of variable annuities and give a computation method for indifference fees. We focus on the guaranteed minimum death benefits and the guaranteed minimum living benefits and allow the policyholder to make withdrawals. We assume that the fees are...
Persistent link: https://www.econbiz.de/10010899322
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Max-Min optimization problem for Variable Annuities pricing
Blanchet-Scalliet, Christophette; Chevalier, Etienne; … - HAL - 2014
We study the valuation of variable annuities for an insurer. We concentrate on two types of these contracts that are the guaranteed minimum death benefits and the guaranteed minimum living benefits ones and that allow the insured to withdraw money from the associated account. As for many...
Persistent link: https://www.econbiz.de/10010821370
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The Governance Paradox in Megaprojects
Arena, Lise; Molloy, Eamonn - HAL - 2010
(Flyvbjerg, 2006). This study also identifies the extent to which the transaction costs approach applies to temporary governance … the understanding of megaprojects, as governance structures. After a brief overview of the difference forms of governance … to this hybrid form of governance, not initially considered by Williamson's contributions (section III). …
Persistent link: https://www.econbiz.de/10010561177