beginning to recognize the economic value of stable, long-term customer relationships based on a high degree of customer … satisfaction, trust, commitment, and loyalty. The book provides a comprehensive overview of both fundamentals and important recent …

We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …