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Economic equilibrium in insurance markets

Recurso electrónico / electronic resource
MARC record
Tag12Value
LDR  00000cam a2200000 i 4500
001  MAP20070028631
003  MAP
005  20090430174826.0
007  hzruuu---uuuu
008  950303m1996 usa 00010 eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎10
1001 ‎$0‎MAPA20080257538‎$a‎Yu-Ren Tzeng, Larry
24510‎$a‎Economic equilibrium in insurance markets‎$c‎by Larry Yu-Ren Tzeng
260  ‎$a‎Ann Arbor, Michigan‎$b‎UMI‎$c‎1996
300  ‎$a‎122 p.‎$c‎28 cm
502  ‎$a‎Tesis Temple Univ., 1996
520  ‎$a‎Study of economic equilibrium in insurance markets often assume either that the quantity of insurance purchased is fixed or that the price of insurance is set to be "actuarially fair"--i.e., that insurance premiums must be equal to expected loss payments. These assumptions necessarily lead to either a vertical demand curve or a horizontal supply curve, which are not realistic in many insurance markets. To study insurance market equilibrium, we use an expectated-utility approach to establish non-trial market demand and market supply curves for insurance. A variant of the risk exchange model is used to study how the price and quantity of insurance are determined by loss size, loss probability, the interest rate, and the initial wealth of both the insureds and insurers. After providing an extensive analysis of comparative statics of equilibrium price and quantity, we construct a simple empirical model to demostrate the usefulness of our approach
65011‎$0‎MAPA20080586294‎$a‎Mercado de seguros
65011‎$0‎MAPA20080590468‎$a‎Economía del seguro
65011‎$0‎MAPA20080596316‎$a‎Equilibrio económico
65011‎$0‎MAPA20080584580‎$a‎Demanda de seguros
65011‎$0‎MAPA20080597733‎$a‎Modelos estadísticos
7102 ‎$0‎MAPA20080431945‎$a‎UMI