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Adverse selection in the annuity market with sequential and simultaneous insurance demand

Brunner, Johann K.; Pech, Susanne - 2002 - Revised Version

two periods can be decided either sequentially or simultaneously. We show that only a situation where all risk types …

Persistent link: https://www.econbiz.de/10009750235

Adverse selection in the annuity market when payoffs vary over the time of retirement

Brunner, Johann K.; Pech, Susanne - 2000 - Revised Version

This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods. In this framework annuity companies can offer contracts with different payoffs over the periods of retirement. Varying the time structure of the...

Persistent link: https://www.econbiz.de/10009750561

Trading on sunspots

Jovanovic, Boyan; Tsyrennikov, Viktor - 2014

Persistent link: https://www.econbiz.de/10010481203

Strategic complementarity, fragility, and regulation

Vives, Xavier - 2011 - Rev. May 2011

liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the … interpret the 2007 run on SIV and ABCP conduits. -- stress ; crises ; illiquidity risk ; insolvency risk ; leverage ratio …