Results 161 to 170 of about 890,283 (214)
Privatization Under Political Ties
The Journal of Industrial Economics, EarlyView.ABSTRACT I study a product differentiation model with endogenous entry where a politically connected public firm competes with a private one. Consumers are heterogeneous in their willingness to pay. I argue that—because of political ties—the public firm may mimic the preferences of the consumer with the median willingness to pay.
Matteo Broso
wiley +1 more source
Welfare implications of fair and accountable insurance pricing
Journal of Risk and Insurance, EarlyView.Abstract This paper introduces an empirical framework to evaluate the welfare implications of fair and accountable insurance pricing by modeling the complete pricing process, including demand and price optimization. Moving beyond traditional cost modeling, we analyze both discrimination‐related fairness criteria and broader regulatory constraints, such
Fei Huang, Hajime Shimao
wiley +1 more source
Contingent capital: A tale of two valuations
Journal of Risk and Insurance, EarlyView.Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. We develop a novel Twin‐Tree Model with Jumps (TTMJ) that models the insurer's asset value dynamics by incorporating catastrophe risk, insolvency risk ...
Tian‐Shyr Dai +3 more
wiley +1 more source
The Oral‐Hepatic Axis: Epidemiological and Mechanistic Links Between Periodontal and Liver Diseases
Journal of Periodontal Research, EarlyView.This review summarizes current epidemiological, clinical and mechanistic evidence linking periodontitis and chronic liver diseases, highlighting the oral‐gut‐liver axis, shared immunometabolic and nutritional pathways and opportunities for integrated preventive and therapeutic strategies.
Sinem Esra Sahingur +3 more
wiley +1 more source
Relative Arbitrage Opportunities With Interactions Among N Investors
Mathematical Finance, EarlyView.ABSTRACT The relative arbitrage portfolio outperforms a benchmark portfolio over a given time‐horizon with probability one. With market price of risk processes depending on the market portfolio and investors, this paper analyzes the multi‐agent optimization of relative arbitrage opportunities in the coupled system of market and wealth dynamics.
Tomoyuki Ichiba, Nicole Tianjiao Yang
wiley +1 more source
Mathematical Finance, EarlyView.ABSTRACT We study a dynamic portfolio optimization problem under the mean–variance–variance (M‐V‐V) criterion proposed by Maccheroni et al. It is an analogue of the Arrow–Pratt approximation to the well‐known smooth ambiguity model. Under the standard Black–Scholes framework, we derive fully explicit equilibrium investment strategies in which a DM's ...
David Landriault, Bin Li, Yuanyuan Zhang
wiley +1 more source
Employee Fraud and the Statute of Limitations in a Search and Matching Model
The Manchester School, EarlyView.ABSTRACT This paper integrates employee fraud into a Mortensen‐Pissarides search and matching model to analyze labor market dynamics under imperfect legal enforcement. We introduce a time‐dependent punishment structure where the offender's effective liability is governed by the statute of limitations. We characterize both short‐ and long‐run equilibria,
Mauricio Benegas, José Freire Júnior
wiley +1 more source
Firms' Payoffs in a Bertrand‐Edgeworth Game Under Triopoly
Metroeconomica, EarlyView.ABSTRACT This paper studies Bertrand‐Edgeworth competition among firms producing a homogeneous commodity under efficient rationing and constant (and identical across firms) marginal cost until full capacity utilization is reached. The focus is on the equilibrium payoffs under triopoly when the demand function is defined on the set of the non‐negative ...
Massimo A. De Francesco, Neri Salvadori
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A Formal Theory of Robert Nozick's Framework for Utopia
Noûs, EarlyView.ABSTRACT This paper offers the very first formal model of Robert Nozick's model of possible worlds and his vision of a utopian society, as outlined in Part III of Anarchy, State, and Utopia. Nozick envisioned utopia as a meta‐utopia—a collection of self‐organized, voluntary sub‐communities—arguing that such an institutional framework is equivalent to ...
Susumu Cato, Hun Chung
wiley +1 more source
Periodontitis and metabolic dysfunction‐associated steatotic liver disease
Periodontology 2000, EarlyView.Abstract Objective Periodontitis is a chronic inflammatory disease with systemic effects that extend beyond the oral cavity and contribute to systemic immune and metabolic dysregulation. Chronic liver diseases, particularly metabolic dysfunction‐associated steatotic liver disease (MASLD) and its progressive phenotypes, have emerged as major global ...
Rafael Scaf de Molon +6 more
wiley +1 more source