Showing 16,281 - 16,290 of 16,507
Persistent link: https://www.econbiz.de/10005661103
The aim of this paper if to give some comments on two approximations used to price reinstatements related to excess of loss reinsurance. For the pro rate capita clause, we will study the rate on line method. For the pro rate temporis clause, we will study the use of a trivial approximation. The...
Persistent link: https://www.econbiz.de/10005661163
Persistent link: https://www.econbiz.de/10005661195
of protective measures for the directors such as indemnification and liability insurance. …
Persistent link: https://www.econbiz.de/10005661215
insurance and limited liability provisions that is observed in the US is optimal because it allows shareholders to credible …
Persistent link: https://www.econbiz.de/10005661218
Under contingent fees the attorney gets a share of the judgement; under conditional fees they get an upscale premium if the case is won, which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers choose between a safe and a...
Persistent link: https://www.econbiz.de/10005661624
We consider successive generations of non-altruistic individuals carrying a good or bad gene. Daughters are more likely to carry their mother's gene than the opposite one. Competitive insurers can perform a genetic test revealing an agent's gene. They may condition their quotes on the agent's or...
Persistent link: https://www.econbiz.de/10005661858
farmers would have a preference for weather insurance over other types of agricultural insurance. Design … insurance with 50 and 44 percent of respondents indicating strong interest in the product. Supplementary results indicate that … in the access to Chinese weather station data to illustrate how weather insurance operates. Instead, the authors use …
Persistent link: https://www.econbiz.de/10008487436
This paper utilizes panel data from El Salvador to investigate the use of trans-national migration as an ex post risk management strategy. We show that adverse agricultural conditions in El Salvador increase both migration to the US and remittances sent back to El Salvador. We show that, in the...
Persistent link: https://www.econbiz.de/10005572313
allocations by trading in a few natural securities: private insurance contracts and a common set of derivatives on the aggregate …
Persistent link: https://www.econbiz.de/10005572638