"Insurance, Risk and Resource Allocation", in Essays in the Theory of Risk-Bearing, Chicago, Markham, 1963.Insurance,Risk and Resource Allocation. Arrow,K.J. Essays in the Theory of Risk Bearing . 1970Arrow, K. (1971). Insurance, risk and resource allocation. In K. Arrow (Ed.), ...
Foundations of Insurance Economics: Readings in Economics and Finance Sumario: Utility, risk and risk aversion -- Demand for insurance -- Insurance and resource allocation -- Moral hazard -- Adverse selection -- Market structure and organization form -- Insurance pricing -- Insurance regulation. Ge...
Around the world, there are persistent and growing health inequalities both between and within countries. The U.K. Government’s flagship policy for a
摘要:Defined contribution retirement pension systems need to improve the level and stability of payments as pensioners age. Longevity risk pooling is key, but so is flexibility to satisfy members' individual needs and preferences. We propose a tontine construct as a flexible and cost-effective invest...
摘要:For the life insurance industry and pension schemes, mortality projections are critical for accurately managing exposure to longevity risk in terms of both premium setting and reserving. Frailty has been identified as an important latent factor underpinning the evolution of mortality rates. It repr...
“Geneva Papers on Risk & Insurance- Issues and Practice” 创刊于1976年,是日内瓦协会主办的一本国际学术期刊,聚焦保险经济学的前沿热点问题,旨在为保险学术界和业界专业人士之间的交流提供桥梁,提升保险业的专业知识。该刊为季刊,每年4期,每期发表文章10篇左右,2022-2023年影响因子为1.6。 本期看点: ● 养老金...
Ping An maintained a prudent risk appetite, operated in strict compliance with laws and regulations, took reasonable and appropriate risks, prevented operational, compliance, IT and brand reputation risk events, effectively controlled credit risk, market risk , asset quality risk and so on, and stren...
Foundation Risk Partners , one of the fastest growing insurance brokerage and consulting firm in the US, is adding a Commercial Lines Account Manager to their office located in Miami, Florida! Job Summary: The Commercial Lines Account Manager Collaborates with the team to consistently deliver high...
We discuss the difficult question of measuring the effects of asymmetric information problems on resource allocation. Three problems are examined: moral hazard, adverse selection, and asymmetric learning. One theoretical conclusion, drawn by many authors, is that information problems may introduce significa...
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