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Asset allocation and the liquidity premium for illiquid annuities
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MAP20071504235
Browne, S. ‌
Asset allocation and the liquidity premium for illiquid annuities / S. Browne, M. A. Milevsky and T. S. Salisbury
This article develops a model for analizing the ex ante liquidity premium demanded by the holder of an illiquid annuity
En: The Journal of risk and insurance. - Orlando. - Volume 70, number 3, September 2003 ; p. 509-526
1. Renta vitalicia ‌. 2. Liquidez ‌. 3. Primas ‌. 4. Planes de pensiones ‌. 5. Cálculo actuarial ‌. 6. Modelos matemáticos ‌. I. Milevsky, M. A. ‌. II. Salisbury, T. S. ‌. III. Title. IV. Título: The Journal of risk and insurance.