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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

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

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 Firms Speak: What the World Business Environment Survey Tells Us about Constraints on Private Sector Development

Batra, Geeta; Kaufmann, Daniel; Stone, Andrew H. W. - EconWPA - 2004

investment can be measured, analyzed, and compared across countries, and that governance is key to the business environment and … of the Firms from the World Business Environment Survey”, and based on a chapter in “Pathways Out of Poverty: Private … the World Business Environment Survey (WBES). It shows that important dimensions for the climate of business operation and …

Persistent link: https://www.econbiz.de/10005077053

Governance and the City: An Empirical Exploration into Global Determinants of Urban Performance

Kaufmann, Daniel; Leautier, Frannie; Mastruzzi, Massimo - EconWPA - 2004

We contribute to the field of urban governance and globalization through an empirically-based exploration of … indicators of globalization (at the country and city level), city governance, city performance (access and quality of … framework and a set of hypotheses, and then test them econometrically. The findings suggest that good governance and …

Persistent link: https://www.econbiz.de/10005062505

The Inequality of Influence

Hellman, Joel; Kaufmann, Daniel - EconWPA - 2003

Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the …

Persistent link: https://www.econbiz.de/10005407672

Far From Home: Do Foreign Investors Import Higher Standards of Governance in Transition Economies?

Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel - EconWPA - 2003

Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which … of governance standards; ii) in misgoverned settings, FDI firms may magnify the problems of state capture and procurement …

Persistent link: https://www.econbiz.de/10005407674

Measuring Governance, Corruption and State Capture: How Firms and Bureaucrats Shape the Business Environment in Transition Economies

Hellman, Joel S.; Jones, Geraint; Kaufmann, Daniel; … - EconWPA - 2003

national governance have been unexplored. This paper summarises the results of the Business Environment and Enterprise … corruption, with little attention paid to the role played by firms. Consequently, the links between corporate governance and … Performance Survey (BEEPS) across 20 transition economies, providing an assessment of governance and corruption from the …

Persistent link: https://www.econbiz.de/10005407751