Vorliegendes Arbeitspapier untersucht auf Basis einer risikotheoretischen Formulierung verschiedenene Zinskonstellationen in ihrer betriebswirtschaftlichen Bedeutung für die Lebensversicherungsunternehmung.

In a recent paper Mujumder (2004, Economics Letters) argued that only if the industry is a monopoly, we could be certain that the government could use profit tax to make up any shortfall in tariff revenue and also make the consumers and producers better off. We show that this result is not...