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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

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

Creating markets for ecosystem services

Murtough, Greg; Aretino, Barbara; Matysek, Anna - EconWPA - 2002

Ecosystem services are the functions performed by ecosystems that lead to desirable environmental outcomes, such as air and water purification, drought and flood mitigation, and climate stabilisation. Markets rarely exist for them. This study examines how newly defined property rights have been...

Persistent link: https://www.econbiz.de/10005407849

Creating Markets for Biodiversity: A Case Study of Earth Sanctuaries Ltd

Aretino, Barbara; Holland, Paula; Peterson, Deborah; … - EconWPA - 2001

This papers examines the activities and operations of the first publicly listed company in Australia with wildlife conservation as its primary goal. Earth Sanctuaries Ltd (ESL) is the first publicly listed company in Australia with wildlife conservation as its primary goal. Its focus to date is...

Persistent link: https://www.econbiz.de/10005556135

Cost Sharing for Biodiversity Conservation: A Conceptual Framework

Aretino, Barbara; Holland, Paula; Matysek, Anna; … - EconWPA - 2001

„h Many resource users undertake actions that conserve biodiversity. If, however, there were public demand for more conservation than would be provided voluntarily by the private sector alone, there are two broad principles for determining who should bear the costs ¡X ¡¥impacter pays¡¦ or...

Persistent link: https://www.econbiz.de/10005118915

The Determinants of Economic Well-being:An Application in the Indian States

Basu, Sudip Ranjan - EconWPA - 2005

good governance (using latent variable approach) and a financial decentralisation index. Panel data is employed to explore … if better quality of institutional arrangements (of governance and more financial decentralisation) lead to better …

Persistent link: https://www.econbiz.de/10005556056

Economic Growth, Well-Being and Governance under Economic Reforms: Evidence from Indian States

Basu, Sudip Ranjan - EconWPA - 2005

, viz, education, infrastructure, technological progress, income, etc.) and also index of good governance (by aggregating … statistical measures. Panel regression showed that governance measures, and economic policy variables are crucial to explain …

Persistent link: https://www.econbiz.de/10005556115

Does Governance Matter?Some Evidence from Indian States

Basu, Sudip Ranjan - EconWPA - 2005

This paper attempts to propose a methodology to combine different dimensions of governance indicators into a composite … index. The governance index is computed as the weighted average of principal components of the standardized governance … indicators, where weights are variances of successive principal components. Since the notion of good governance is multi …

Persistent link: https://www.econbiz.de/10005118765