Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10003608101
Persistent link: https://www.econbiz.de/10010491064
The present research relaxes three of the usual assumptions made in the insurance literature. It is assumed that (1) there is a finite number of risks, (2) the risks are not statistically independent and (3) the structure of the market is monopolistic. In this context, the article analyses two...
Persistent link: https://www.econbiz.de/10013136209
This paper develops a theoretical framework for analyzing the decision to provide or buy insurance against the risk of natural catastrophes. In contrast to conventional models of insurance, the insurer has a non-zero probability of insolvency which depends on the distribution of the risks, the...
Persistent link: https://www.econbiz.de/10013068095
Persistent link: https://www.econbiz.de/10012797119