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Equilibrium in the Insurance Industry: Price and Probability of Insolvency Author info | Abstract | Publisher info | Download info | Related research | Statistics Strauss, Jason
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The goal of this essay is to show an insurance market equilibrium defined by an insurance product price and a probability of insolvency for the insurer(s).
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
11015.
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Date of creation: 04 May 2007Date of revision:
Handle: RePEc:pra:mprapa:11015Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Ekkehart Schlicht).
Keywords: insurance ; insurance markets ; insolvency ; bankruptcy ; Find related papers by JEL classification: G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Cummins, J David & Mahul, Olivier, 2003.
" Optimal Insurance with Divergent Beliefs about Insurer Total Default Risk ,"
Journal of Risk and Uncertainty ,
Springer, vol. 27(2), pages 121-38, October.
[Downloadable!] (restricted)
Cagle, Julie A B & Harrington, Scott E, 1995.
"Insurance Supply with Capacity Constraints and Endogenous Insolvency Risk ,"
Journal of Risk and Uncertainty ,
Springer, vol. 11(3), pages 219-32, December.
Doherty, Neil A & Schlesinger, Harris, 1990.
"Rational Insurance Purchasing: Consideration of Contract Nonperformance ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 105(1), pages 243-53, February.
[Downloadable!] (restricted)
Rothschild, Michael & Stiglitz, Joseph E, 1976.
"Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 90(4), pages 630-49, November.
Doherty, Neil A & Garven, James R, 1995.
"Insurance Cycles: Interest Rates and the Capacity Constraint Model ,"
Journal of Business ,
University of Chicago Press, vol. 68(3), pages 383-404, July.
[Downloadable!] (restricted)
Ania, Ana B. & Troger, Thomas & Wambach, Achim, 2002.
"An evolutionary analysis of insurance markets with adverse selection ,"
Games and Economic Behavior ,
Elsevier, vol. 40(2), pages 153-184, August.
[Downloadable!] (restricted)
Cummins, J. David & Lamm-Tennant, Joan, 1994.
"Capital structure and the cost of equity capital in the property-liability insurance industry ,"
Insurance: Mathematics and Economics ,
Elsevier, vol. 15(2-3), pages 187-201, December.
[Downloadable!] (restricted)
Akerlof, George A, 1970.
"The Market for 'Lemons': Quality Uncertainty and the Market Mechanism ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 84(3), pages 488-500, August.
[Downloadable!] (restricted)
Paul L. Joskow, 1973.
"Cartels, Competition and Regulation in the Property-Liability Insurance Industry ,"
Bell Journal of Economics ,
The RAND Corporation, vol. 4(2), pages 375-427, Autumn.
[Downloadable!] (restricted)
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This page was last updated on 2009-11-11.
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