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Property insurance, portfolio selection and their interdependence
Chang, Fwu-Ranq - 2008
This paper studies the interdependence between property insurance and portfolio selection. The insurance premium of property loss is shown to play the role of subsistence consumption in the analysis. Then, "security" becomes a necessity good and an increase in any insurance parameter would make...
Persistent link: https://www.econbiz.de/10010264331
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The Demand for Homeowners Insurance with Bundled Catastrophe Coverages
Grace, Martin F.; Klein, Robert W.; Kleindorfer, Paul R. - 2001
In this paper, we estimate the demand for homeowner insurance in Florida. Since we are interested in a number of factors influencing demand, we approach the problem from two directions. We first estimate two hedonic equations representing the premium per contract and the price mark-up. We...
Persistent link: https://www.econbiz.de/10010316310
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Sicherheit auf See
Böhme, Hans; Sichelschmidt, Henning - 1995
Das traditionelle Modell der Schaffung von Sicherheit und der Schadenregulierung in der Seeschiffahrt hat vor allem durch das Aufkommen "offener Register" zunehmend an Funktionsfähigkeit verloren. Zugleich stellt die stark erweiterte Bedeutung des Umweltschutzes neue, in diesem Umfang früher...
Persistent link: https://www.econbiz.de/10010294985
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Deliktische Rückrufpflicht und Versicherung von Rückrufkosten
Knoerchen, André - 2003
Frage nach den Möglichkeiten und Modalitäten der Versicherung des mit einem Rückruf verbundenen Kostenrisikos. Die … Deckungsarchitektur der Versicherung von Rückruffällen hatte. Die Ausführungen zu den Möglichkeiten der Versicherung von Rückrufkosten … die Versicherung von Rückrufkosten nach dem Rückrufkosten-Haftpflichtmodell eingegangen. Diesem liegen die …
Persistent link: https://www.econbiz.de/10010296889
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Strategic judgment proofing
Che, Yeon-Koo; Spier, Kathryn E. - 2006
A liquidity-constrained entrepreneur needs to raise capital to finance a business activity that may cause injuries to third parties the tort victims. Taking the level of borrowing as fixed, the entrepreneur finances the activity with senior (secured) debt in order to shield assets from the tort...
Persistent link: https://www.econbiz.de/10010270352
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How much internalization of nuclear risk through liability insurance?
Schneider, Yves; Zweifel, Peter - 2002
An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the associated financial risks is through mandating nuclear operators to have liability insurance. This paper presents estimates of...
Persistent link: https://www.econbiz.de/10010315480
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The end of gatekeeping: Underwriters and the quality of sovereign bond markets, 1815-2007
Flandreau, Marc; Flores, Juan H.; Gaillard, Norbert; … - 2009
We provide a comparison of salient organizational features of primary markets for foreign government debt over the very long run. We focus on output, quality control, information provision, competition, pricing, charging and signaling. We find that the market set up experienced a radical...
Persistent link: https://www.econbiz.de/10010316809
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Betriebswirtschaftslehre der Versicherung (Versicherungsbetriebslehre)
Schradin, Heinrich R.; Malik, Alexander - 2008
Persistent link: https://www.econbiz.de/10010309071
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The nature of risk preferences: Evidence from insurance choices
Barseghyan, Levon; Molinari, Francesca; O'Donoghue, Ted; … - 2011
We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice that incorporates standard risk aversion (concave utility over final wealth), loss aversion, and nonlinear probability weighting. Our estimates indicate that nonlinear...
Persistent link: https://www.econbiz.de/10010292086
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Consumption inequality and partial insurance
Blundell, Richard W.; Pistaferri, Luigi; Preston, Ian - 2004
This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX cross-sections and distinguishes between permanent...
Persistent link: https://www.econbiz.de/10010292960