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A key feature of insurance markets is that the cost of selling insurance policies is contingent upon not only the … number of policies sold but to whom they are sold. This differentiates insurance markets from conventional markets and admits …, a two stage spatial model of Bertrand price competition is specified, with an endogenously determined rule for sharing …
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Dynamic hybrid products emerged in 2007 and are now well established in the German life insurance market. In this … sold by the same insurance company. The key question we investigate is whether the presence of dynamic hybrid products has … a negative effect on the payout of traditional insurance products. We do so by using data drawn from a Monte Carlo …
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