Pesquisa de referências

Optimal insurance with costly internal capital

Registro MARC
LDR  00000cab a2200000 4500
001  MAP20140039296
003  MAP
005  20141029125222.0
008  141027e20141006esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎219
100  ‎$0‎MAPA20090007611‎$a‎Jaffee, Dwight M.
24510‎$a‎Optimal insurance with costly internal capital‎$c‎Dwight Jaffee, Johan Walden
520  ‎$a‎We introduce costly internal capital into a standard insurance model, in which a risk-averse policyholder buys insurance from a risk-neutral insurer with limited liability. The unique optimal contract and internal capital lead to a strictly positive probability for insurer default. Some risks are uninsurable in that the insurer chooses not to provide insurance against such risks. An increase in the cost of capital may lead to a higher optimal amount of internal capital. The results extend to multiple policyholders in a symmetric setting. Our extension of the classical model to include costly internal capital provides a fruitful approach to many real world insurance markets
7730 ‎$w‎MAP20077001748‎$t‎Risk management & insurance review‎$d‎Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-‎$x‎1098-1616‎$g‎06/10/2014 Tomo 17 Número 2 - 2014
856  ‎$y‎MÁS INFORMACIÓN‎$u‎