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Exposure as duration and distance in telematics motor insurance using generalized additive models

Boucher, Jean-Philippe; Côté, Steven; Guillen, Montserrat - In: Risks 5 (2017) 4, pp. 1-23

In Pay-As-You-Drive (PAYD) automobile insurance, the premium is fixed based on the distance traveled, while in usage-based insurance (UBI) the driving patterns of the policyholder are also considered. In those schemes, drivers who drive more pay a higher premium compared to those with the same...

Persistent link: https://www.econbiz.de/10011996549

Maximum market price of longevity risk under solvency regimes: The case of Solvency II

Levantesi, Susanna; Menzietti, Massimiliano - In: Risks 5 (2017) 2, pp. 1-21

finding a unique pricing measure. We propose a method to estimate the maximum market price of longevity risk depending on the … of longevity risk and the S-forward prices. Numerical results can be extended for the pricing of other longevity …

Persistent link: https://www.econbiz.de/10011996653

Determinants of perceived and actual knowledge of commission paid by contributors in the pension funds industry

Farías, Pablo - In: BRQ Business Research Quarterly 20 (2017) 1, pp. 18-27

This paper examines the determinants of perceived and actual knowledge of commission paid by contributors in the Chilean pension funds industry. Results show that price consciousness and brand credibility are positively associated with perceived and actual knowledge of commission paid by pension...

Persistent link: https://www.econbiz.de/10012118421

Hedging costs and joint determinants of premiums and spreads in structured financial products

Entrop, Oliver; Fischer, Georg - In: Journal of Futures Markets 40 (2020) 7, pp. 1049-1071

Evaluating more than 317,000 discount certificates in the German secondary market, we find that premiums and spreads are endogenous and negatively related but depend on different key determinants. The fundamental determinants of the premiums are mainly profit-related, that is, dividends of the...

Persistent link: https://www.econbiz.de/10012428811

Price limits under incomplete preference information based on almost stochastic dominance

Jahnke, Hermann; Martini, Jan Thomas; Wiens, Tobias - In: Business Research 12 (2019) 1, pp. 241-269

We derive price limits as decision aids for identifying favorable and unfavorable contracts from the perspective of a selling firm in face of uncertain outcomes. The analysis is based on the concept of almost stochastic dominance to incorporate incomplete information about the decision-maker's...

Persistent link: https://www.econbiz.de/10012502888

Revenue from matching platforms

Marx, Philip; Schummer, James - In: Theoretical Economics 16 (2021) 3, pp. 799-824

We consider the pricing problem of a platform that matches heterogeneous agents using match-contingent fees. Absent …

Persistent link: https://www.econbiz.de/10013189028

Dynamic durable goods monopoly and market power

Altan, Basak - In: Games 11 (2020) 2, pp. 1-14

We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the seller can maintain his monopoly power. We establish that the set of...

Persistent link: https://www.econbiz.de/10013200021

Marketability discount in various economic environments: Comparison of developed and emerging markets on the example of the USA and Poland

Pastusiak, Radosław; Keller, Jakub; Radke, Michał - In: Journal of Risk and Financial Management 13 (2020) 6, pp. 1-15

The aim of the presented article is to compare and evaluate the occurrence and level of marketability discount in developed and emerging markets in the example of the United States of America (USA) and Poland. According to the hypothesis put forward in the article, due to the smaller degree of...

Persistent link: https://www.econbiz.de/10012611361

Optimization of inventory holding cost due to price, weight, and volume of items

Gurtu, Amulya - In: Journal of Risk and Financial Management 14 (2021) 2, pp. 1-11

carrying cost, inventory policies (e.g., stocking levels), and pricing policies (e.g., quantity discounts) for retail …

Persistent link: https://www.econbiz.de/10012611622

Pricing decisions for short life-cycle product in a closed-loop supply chain with random yield and random demands

Gan, Shu San; Pujawan, I. Nyoman; Widodo, Basuki - In: Operations Research Perspectives 5 (2018), pp. 174-190

the useful life of a product and help in reducing waste caused by a huge amount of short life-cycle products. Pricing … uncertainty in recovery yield influences the decisions impacting acquisition, wholesale, and retail prices. We propose a pricing … model that accommodates the random yield effect of product returns on pricing decisions for short life-cycle products in a …

Persistent link: https://www.econbiz.de/10012662738