This book explores causes and consequences of interfirm rivalry within the global insurance industry. Based on three …

Global merchandise trade expanded rapidly over the last 6 1/2 decades and its relationship with global income has seen … exports and income. The paper estimates trade and income elasticities using ADL models taking account of structural breaks … and income are in a 'new normal' or only 'back to (an old) normal' after the GTC and GFC …

Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen … exports and income. The paper estimates trade and income elasticities using ADL models taking account of structural breaks … and income are in a 'new normal' or only 'back to (an old) normal' after the GTC and GFC …

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. …