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Underwriting in Property-Casualty Insurance Markets : Regulation, Risk and Volatility

Phillips, Ronnie J. - 2011

We offer a novel explanation of underwriting volatility in property-liability insurance markets in terms of private … uncertainty over public regulatory policy. Underwriting involving random losses to policyholders is one source of risk to the … sources of risk, we derive the valuation equation for property-liability underwriting inclusive of the respective best …

Persistent link: https://www.econbiz.de/10013121443

Changes over time in the revenue-expense relation : accounting or economics?

Donelson, Dain C.; Jennings, Ross; McInnis, John - In: The accounting review : a publication of the American … 86 (2011) 3, pp. 945-974

Persistent link: https://www.econbiz.de/10009156943

Do financial investors destabilize the oil price?

Lombardi, Marco; Van Robays, Ine - 2011

In this paper, we assess whether and to what extent financial activity in the oil futures markets has contributed to destabilize oil prices in recent years. We define a destabilizing financial shock as a shift in oil prices that is not related to current and expected fundamentals, and thereby...

Persistent link: https://www.econbiz.de/10009160021

Spillovers in Prices : The Curious Case of Haunted Houses

Bhattacharya, Utpal - 2020

Exploiting the unique institutional setting of Hong Kong's real estate market, we uncover a curious ripple effect of haunted houses on the prices of nearby houses. Prices drop on average 20% for units that become haunted, 10% for units on the same floor, 7% for units in the same block, and 1%...

Persistent link: https://www.econbiz.de/10012824905

Spillovers in Asset Prices : The Curious Case of Haunted Houses

Bhattacharya, Utpal - 2019

Exploiting the unique institutional setting of Hong Kong's real estate market, we uncover a curious ripple effect of haunted houses on the prices of nearby houses. Prices drop on average 19% for units that become haunted, 9% for units on the same floor, 6% for units in the same block, and 1% for...

Persistent link: https://www.econbiz.de/10012900542

The Social Value of Policy Signals

Avdjiev, Stefan; McGuire, Patrick; Tarashev, Nikola A. - 2014

Do public policy signals improve the alignment of market outcomes with economic fundamentals? Existing work contends that, when individual players have an incentive to coordinate their actions, public policy signals could steer these actions away from the fundamentals. We argue that such a...

Persistent link: https://www.econbiz.de/10014165943