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Corporate Cash Savings: Precaution versus Liquidity

Boileau, Martin; Moyen, Nathalie - Centre Interuniversitaire sur le Risque, les Politiques … - 2009

Cash holdings as a proportion of total assets of U.S. corporations have roughly doubled between 1971 and 2006. Prior research attributes the large cash increase to a rise in firms’ idiosyncratic risk. We investigate two mechanisms by which increased idiosyncratic risk can lead to higher cash...

Persistent link: https://www.econbiz.de/10008495565

Accounting for the Rise of Health Spending and Longevity

Fonseca, Raquel; Michaud, Pierre-Carl; Kapteyn, Arie; … - Centre Interuniversitaire sur le Risque, les Politiques … - 2013

that technological change and the increase in the generosity of health insurance on their own may explain 36% of the rise … in health spending (technology 30% and insurance 6%), while income explains only 4% and other health trends 0.5%. By … in both income and insurance is larger with co-occurring improvements in technology. Technological change, taking the …

Persistent link: https://www.econbiz.de/10010693196

Contracting for Innovation under Knightian Uncertainty

Amarante, Massimiliano; Ghossoub, Mario; Phelps, Edmund - Centre Interuniversitaire de Recherche en Économie … - 2012

-formulate our results in an insurance framework and extend the classical result of Arrow [4] and the more recent one of Ghossoub [24 …

Persistent link: https://www.econbiz.de/10010616508

Contracting for innovation under knightian uncertainty

AMARANTE, Massimiliano; GHOSSOUB, Mario; PHELPS, Edmund - Département de Sciences Économiques, Université de … - 2012

-formulate our results in an insurance framework and extend the classical result of Arrow [4] and the more recent one of Ghossoub. In …

Persistent link: https://www.econbiz.de/10010933661

Provider Competition in a Dynamic Setting

Allard, Marie; Léger, Pierre Thomas; Rochaix, Lise - Institut d'Économie Appliquée, HEC Montréal (École … - 2004

In this paper, we examine provider and patient behaviour where effort is non-contractible and where competition between providers is modeled in an explicit way. More specifically, we construct a model where physicians repeatedly compete for patients and where patients’ outside options are...

Persistent link: https://www.econbiz.de/10005784555

APPLICATIONS OF THE GB2 FAMILY OF DISTRIBUTIONS IN THE MODELING INSURANCE LOSS PROCESSE.

DAVID CUMMINS, J.; DIONNE, G.; MCDONALD, J.B.; … - Centre Interuniversitaire de Recherche en Économie … - 1988

Persistent link: https://www.econbiz.de/10005545580

Comparative Statics Under Multiple Sources of Risk with Appllications to Insurance Demand.

Dionne, G.; Gollier, C. - Centre Interuniversitaire de Recherche en Économie … - 1991

Persistent link: https://www.econbiz.de/10005545598

An Economic Analysis of Insurance Fraud.

Dionne, G.; St-Michel, P.; Gibbens, A. - Centre Interuniversitaire de Recherche en Économie … - 1993

Persistent link: https://www.econbiz.de/10005545607

ADVERSE SELECTION IN INSURANCE MARKETS: A SELECTIVE SURVEY.

DIONNE, G.; DOHERTY, N. - Centre Interuniversitaire de Recherche en Économie … - 1991

Persistent link: https://www.econbiz.de/10005545623

Insurance with Undiversifiable Risk

Doherty, N.A.; Dionne, G. - Département de Sciences Économiques, Université de … - 1987

Some Current Insurance Markets Are Troubled by the Presence of Systematic Risk Or by the Inability of the Parties to … Specify the Distribution for Aggregate Loss. Such Circumstances Partly Characterise the Topical "Liability Insurance Crisis … Mutals Appear to Outperform Stock Insurance Companies When There Is Undiversifiable Risk. These Results Represent an …

Persistent link: https://www.econbiz.de/10005545661