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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
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
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
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
„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
This article discusses the World Bank's formal rules of governance. It states that theoretically, each of the World … and their attached conditions. In the second place, four features of the World Bank's governance which protect and re … rules of governance give the G10 the voting weight at all three levels of decision making but several governing features …
Persistent link: https://www.econbiz.de/10010750930
on interviews with WB officials and an examination of WB formal and informal rules of governance, I show how G7 …
Persistent link: https://www.econbiz.de/10011026037