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that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …
Persistent link: https://www.econbiz.de/10009439051
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
Many developing countries have adopted investor-friendly policies in recent years in order to attract export-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have been largely ignored. This paper endogenizes FDI inflows in a structuralist general...
Persistent link: https://www.econbiz.de/10009468023
increased risk as perceived by utilities, banks and lessors and the unpredictability of those risks as perceived by insurance … higher rate of return obtaining insurance; or some combination of DOE loan guarantee, lease and insurance. No attempt has …
Persistent link: https://www.econbiz.de/10009435415
Today's insurance industry strongly emphasizes developing cost-effective hazard mitigation programs, increasing and … the Insurance Industry.'' Presentations were made by insurance company representatives, insurance trade groups, government … discuss how energy efficiency and renewable technologies can contribute to reducing insurance losses. …
Persistent link: https://www.econbiz.de/10009435566
The following subjects are included: a geothermal resource overview, the evolution of the current Texas geopressured-geothermal institutional structure, project evaluation with uncertainty and the structure of incentives, the natural gas industry, the electric utility industry, potential...
Persistent link: https://www.econbiz.de/10009435830
cleanrooms, which is a cross-cutting market segment known to have high reliability requirements. Finally, we present insurance …
Persistent link: https://www.econbiz.de/10009436254
in the cost of non-renewable energy (NRE), and the option or insurance value of deploying RE if and when NRE costs rise …-making process. An illustrative example indicates how options expose both the insurance and timing values inherent in a simplified RE …
Persistent link: https://www.econbiz.de/10009436430
costs of health care and general commercial liability. However, little is known about the actual costs to insurance … losses include both direct costs to insurers from paying health insurance and professional liability claims, as weIl as the … cost of litigation. In spite of the lack of data on how IAQ-related health problems affect their business, the insurance …
Persistent link: https://www.econbiz.de/10009436542
Today's insurance industry strongly emphasizes developing cost-effective hazard mitigation programs, increasing and … reducing insurance losses and offer suggestions on how to collaborate with the utility industry and how to develop educational …
Persistent link: https://www.econbiz.de/10009436547