At any given point in time, the collection of assets existing in the economy is observable. Each asset is a function of a set of contingencies. The union taken over all assets of these contingencies is what we call the set of publicly known states. An innovation is a set of states that are not...

For Many Years, Economists and Actuaries Have Studied Multiperiod Insurance Contracts Independently and Differently. This Paper Presents a First Empirical Economic Study on Moral Hazard and Experience Rating While Making Reference to Previous Empirical Actuarial Studies. the First Objective Is...

We Provide a Primarily Qualitative Summary of a Selected Number of Results Obtained for the Province of Quebec with the "Drag" Model of the "Demand for Road Use, Accidents and Their Gravity". the Selection Made on the Basis of Potential Interest for the Establishment of Responsibility for Road...

Nous Montrons Que la Methodologie Utilisee Pour Integrer les Deux Approches Peut Etre Incoherente. Nous Proposons on Modele Statistique Qui Integre Adequatement les Deux Approches. Nous Presentons des Modeles de Poisson et de Binomiale Negative Avec Composantes de Regression Afin D'utiliser...

Ce Texte Suggere L'utilisation de la Famille des Distributions de Probabilites a Quatre Parametres, la Beta Generalisee du Deuxieme Type (Gb2) Pour Analyser les Pertes D'assurance. la Gb2 a Comme Cas Particulier les Distributions Log-Normale, Gamma et Weibull. Elle Comprend Egalement Comme Cas...

This Article Proposes the Family of Probability Distributions Known As the Generalized Beta of the Second Kind (Gb2) As a Principal Set of Distributions for Modeling Insurance Loss Processes. the Gb2 Family Gamma, Encompasses Many Commonly Used Distributions Such As the Log-Normal, Gamma, and...

In a Previous Article (1983), We Indicated That Three Factors Affect the Individual's Choice of Self-Protection Activities, Self-Insurance Activities and Market Insurance: 1- Their Efficiency in Reducing Expected Loss 2- Their Relative Cost 3- and Their Relative Impact on Risk We Proposed a...