Optimal Insurance Contracts without the Non-Negativity Constraint on Indemnities Revisited [PDF]
In the literature on optimal indemnity schedules, indemnities are usually restricted to be non-negative. Gollier (1987) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow payments from
Michael Breuer
core
Asymmetric Information With Multiple Risks: The Case of the Chilean Private Health Insurance Market. [PDF]
Health Econde la Mata D +3 more
europepmc +1 more source
Energy Science &Engineering, EarlyView.Graphical abstract of wind energy study in the Vicinity of GolGohar Sirjan Mining and Industrial Company. ABSTRACT Wind energy is a central pillar of sustainable energy transition; however, its feasibility strongly depends on site‐specific wind regimes and economic conditions.
Hossein Amiri
wiley +1 more source
Human Capital Risk, Contract Enforcement, and the Macroeconomy [PDF]
We develop a macroeconomic model with physical and human capital, human capital risk, and limited contract enforcement. We show analytically that young (high-return) households are the most exposed to human capital risk and are also the least insured. We
Mark L. J. Wright +2 more
core
Leaving Again? Job Quality and Repeat Internal Migration in China. [PDF]
Eur J PopulHuangfu Y, Wang J.
europepmc +1 more source
Forecasting Count Data With Varying Dispersion: A Latent‐Variable Approach
Journal of Forecasting, EarlyView.ABSTRACT Count data, such as product sales and disease case counts, are common in business forecasting and many areas of science. Although the Poisson distribution is the best known model for such data, its use is severely limited by its assumption that the dispersion is a fixed function of the mean, which rarely holds in real‐world scenarios.
Easton Huch +3 more
wiley +1 more source
How adverse selection affects the health insurance market [PDF]
Adverse selection can be defined as strategic behavior by the more informed partner in a contract against the interest of the less informed partner(s). In the health insurance field, this manifests itself through healthy people choosing managed care and ...
Belli, Paolo
core
Utmost good faith in non-marine insurance contracts in Malaysia: the need for legal reform
, 2017 Haemala Thanasegaran
openalex +1 more source
Unions and employment of migrant workers in China: a causal analysis using the treatment effect model. [PDF]
Front PsycholGuo Z, Yang M, Sun H.
europepmc +1 more source
Time Integrals Under the Black–Scholes–Merton and Margrabe Economies
Journal of Futures Markets, EarlyView.ABSTRACT The problem of integrating the Black, Scholes, and Merton (BSM) formula with respect to the time variable is paramount for an economist. Inspired by the real options literature, Shackleton and Wojakowski offer analytic formulae for valuing finite maturity (profit) caps and floors that are contingent on continuous flows following a lognormal ...
José Carlos Dias +3 more
wiley +1 more source