The objective of this paper is twofold: 1) to fill the gap in the health care literature with the estimation of the price and distance effects on health care provider choices by households in the presence of varying demand heterogeneity, 2) to contribute to estimation robustness by confronting...

This study aims at testing the theoretical issue according to which multinomial logit (MNL) would give lower performance than a mixed multinomial logit (MMNL) in the presence of heterogeneity. To do so, we construct two samples of patients surveyed within the same regions in rural China, but of...

We estimate the evolution of healthcare demand under the influence of income growth and population aging with two samples of patients surveyed in the same regions, but with an interval of 18 years in rural China and with mixed logit to deal with heterogeneity. In accordance with theoretical and...

The number of insurance companies recently have increased dramatically, some insurance businesses of insurance companies tend to be the same, but their wealth and risk preference are different. Therefore, this paper studies the reinsurance investment game between insurers with the same insurance...

This short paper analyzes the effect of heterogeneity of markets in terms of income on the exclusion of markets under uniform price by considering linear demand curves in all markets. We show that more markets (and consumers) are excluded the higher are the inter-market income differences, and...

Low temperature and low air pressure in the upper atmosphere would cause low fuel inlet temperature and air flowrate in aero-engine combustion chamber. A system including a burner normally used in actual aero engines was established to study swirl-stabilized kerosene spray combustion at...

In this paper, we investigate a investment-reinsurance game problem with delay and ambiguity aversionfor two insurers under mean-variance preference. Each insurer can purchase proportional reinsurancewhose surplus process is a diffusion approximation process, and invest oneself's wealth in a...

Most literatures about robust optimal reinsurance-investment problem aim to maximum the value function under the worst-case scenario, but some insurers are optimistic, so it is more reasonable to consider a more smooth criterion named $\alpha$-maxmin criterion which seek a balance between the...