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In this paper we revisit an economic model of Buhlmann (ASTIN Bulletin, 1980) and derive equilibrium pricing transforms. We show that the Esscher Transform and the Wang Transform exhibit very different behaviors when used in pricing insurance risks.
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This paper deals with the developments in interurban road transport pricing policy in Europe.
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The authors determine a contest with multiple (not necessarily equal) prizes. Contestants have private information about an ability parameter that affects their costs of bidding.
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This paper analyses the success of fast growing low-cost carrier and their pricing strategies.
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