Narrow search
Showing 1 - 10 of 31,463
Cover Image
Chapter 5. Insurance and Insurance Markets
Dionne, Georges; Harrington, Scott E. - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 203-261). 2014
Kenneth Arrow and Karl Borch published several important articles in the early 1960s that can be viewed as the beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical contributions in insurance economics since that time. The review...
Persistent link: https://www.econbiz.de/10014025527
Cover Image
Pareto Optimal Allocations and Optimal Risk Sharing for Quasiconvex Risk Measures
Mastrogiacomo, Elisa - 2014
Pareto optimal allocations and optimal risk sharing for coherent or convex risk measures as well as for insurance prices have been studied widely in the literature. In particular, Pareto optimal allocations have been characterized by applying inf-convolution of risk measures and convex...
Persistent link: https://www.econbiz.de/10013060083
Cover Image
A Dual Characterisation of Regulatory Arbitrage for Coherent Risk Measures
Herdegen, Martin - 2020
portfolios exist. We call this situation regulatory arbitrage, and prove that it cannot be excluded – unless ρ is as conservative … measures, and give a necessary and sufficient characterization for regulatory arbitrage. We show that the presence or absence … of regulatory arbitrage for ρ is intimately linked to the interplay between the set of equivalent martingale measures …
Persistent link: https://www.econbiz.de/10012823360
Cover Image
EU anti-discrimination policy's impact on insurance risk management : a parallel with the US sub-prime crisis
Petkantchin, Valentin - In: Pensions : an international journal 15 (2010) 3, pp. 155-160
Persistent link: https://www.econbiz.de/10008702282
Cover Image
Causality in empirical analyses with emphasis on asymmetric information and risk management
Dionne, Georges - 2023
Persistent link: https://www.econbiz.de/10014416174
Cover Image
Causality in empirical analyses with emphasis on asymmetric information and risk management
Dionne, Georges - 2023
Persistent link: https://www.econbiz.de/10014417876
Cover Image
Insurance and insurance markets
Dionne, Georges; Harrington, Scott E. - 2014
Persistent link: https://www.econbiz.de/10010366837
Cover Image
Risk-Based Pricing and Risk-Reducing Effort : Does the Private Insurance Market Reduce Environmental Accidents?
Yin, Haitao - 2009
This paper examines whether risk-based pricing promotes risk-reducing effort. Such mechanisms are common in private insurance markets, but are rarely incorporated in government assurance programs. We analyze accidental underground fuel tank leaks--a source of environmental damage to water...
Persistent link: https://www.econbiz.de/10013158694
Cover Image
Risk-Based Pricing and Risk-Reducing Effort : Does the Private Insurance Market Reduce Environmental Accidents?
Yin, Haitao - 2009
This paper examines whether risk-based pricing promotes risk-reducing effort. Such mechanisms are common in private insurance markets, but are rarely incorporated in government assurance programs. We analyze accidental underground fuel tank leaks--a source of environmental damage to water...
Persistent link: https://www.econbiz.de/10012463550
Cover Image
Communicating pension risk to DC plan members : the Chilean case of a pension risk simulator
Antolín Nicolás, Pablo; Fuentes, Olga - 2012
The purpose of this paper is to discuss a few issues related to how best to communicate uncertainty about projections of future pension benefits to members of DC plans, and especially to present a pension risk simulator developed by the Chilean regulator (Superintendencia de Pensiones, SP) that...
Persistent link: https://www.econbiz.de/10009684018