The Past Present And Future Of Tontines
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The Past Present And Future Of Tontines
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Author : Phillip Hellwege
language : en
Publisher:
Release Date : 2018-10
The Past Present And Future Of Tontines written by Phillip Hellwege and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10 with categories.
King William S Tontine
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Author : Moshe A. Milevsky
language : en
Publisher: Cambridge University Press
Release Date : 2015-04-13
King William S Tontine written by Moshe A. Milevsky and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-13 with Business & Economics categories.
The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
A Short History Of Tontines
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Author : Kent McKeever
language : en
Publisher:
Release Date : 2010
A Short History Of Tontines written by Kent McKeever and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
The tontine, with its underlying premise that the living participants benefit from the death of their fellows, does not deserve its shadowy reputation. It had some success in its original purpose, as a means of government fund raising. It was most successful as a means of private development and investment from around 1780 through the 1850's. However, it was used as a gimmick in the selling of life insurance and as a cover for outright fraud in the latter part of the 19th Century. It was also subject to attack from writers who found the notion of gambling on other people's deaths unseemly. The tontine developed an aura of shadiness, and was eventually abandoned. If re-developed as a form of insurance for the long-lived, it may be worth rehabilitation as an investment tool.
Using Tontines To Finance Public Goods
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Author : John A. List
language : en
Publisher:
Release Date : 2004
Using Tontines To Finance Public Goods written by John A. List and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Finance, Public categories.
The tontine, which is an interesting mixture of group annuity, group life insurance, and lottery, has a peculiar place in economic history. In the seventeenth and eighteenth centuries it played a major role in raising funds to finance public goods in Europe, but today it is rarely encountered outside of murder mysteries. This study provides a formal model of individual contribution decisions under a tontine mechanism. We analyze the performance of tontines and compare them to another popular fundraising scheme used today by both government and charitable fundraisers: lotteries. Our major theoretical results are that (i) the optimal tontine for agents with identical valuations of the public good consists of all agents receiving a fixed "prize" amount in the first period equal to a percentage of their total contribution, (ii) contribution levels in the optimal tontine are identical to those of risk-neutral agents in an equivalently valued single prize lottery, (iii) contribution levels for the optimal tontine are independent of risk-aversion, and thereby outperform lotteries when agents are risk-averse, (iv) if agents are sufficiently asymmetric in their valuation of the public good, equilibrium contribution levels are larger under tontines than any lottery. In particular, one can obtain full participation in the tontine mechanism compared to only partial participation in a lottery. These insights highlight that the tontine institution can be a useful tool for fundraisers in the future.
Tontines A Practitioner S Guide To Mortality Pooled Investments
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Author : Richard K. Fullmer
language : en
Publisher: CFA Institute Research Foundation
Release Date : 2019-07-10
Tontines A Practitioner S Guide To Mortality Pooled Investments written by Richard K. Fullmer and has been published by CFA Institute Research Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-10 with Business & Economics categories.
Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.
A History Of Tontines In Germany
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Author : Phillip Hellwege
language : en
Publisher:
Release Date : 2018
A History Of Tontines In Germany written by Phillip Hellwege and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Law categories.
A tontine may be described as a pooled life annuity. Investors buy shares, and the issuer promises to pay interest on the raised capital. The characteristic feature of tontines is that the annuities of deceased investors are shared by surviving investors. With the death of the last survivor, the issuer's obligation to pay annuities terminates and the issuer has no obligation to pay the raised capital back. Investors may use a tontine as a pension product and the issuer may use it as a means to raise capital. It is generally believed that the Italian Lorenzo Tonti (1602-1684) invented tontines and that he proposed them to Cardinal Mazarin (1602-1661) in 1653.Phillip Hellwege analyses the origins of tontines, their occurrence and their diverse designs in German-speaking territories from the middle of the 17th century to their decline in the late 19th century and early 20th century. Furthermore, he assesses their importance for the development of insurance (law) in Germany.
Notes Critical And Otherwise On The Past Present And Future Of Leamington
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Author : John Gibbs (architect.)
language : en
Publisher:
Release Date : 1873
Notes Critical And Otherwise On The Past Present And Future Of Leamington written by John Gibbs (architect.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1873 with categories.
Retirement Income Recipes In R
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Author : Moshe Arye Milevsky
language : en
Publisher: Springer Nature
Release Date : 2020-09-26
Retirement Income Recipes In R written by Moshe Arye Milevsky and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-26 with Business & Economics categories.
This book provides computational tools that readers can use to flourish in the retirement income industry. Each chapter describes recipe-like algorithms and explains how to implement them via simple scripts in the freely available R coding language. Students can use those skills to generate quantitative answers to the most common questions in retirement income planning, as well as to develop a deeper understanding of the finance and economics underlying the field itself. The book will be an excellent asset for experienced students who are interested in advanced wealth management, and specifically within courses that focus on holistic modeling of the retirement income process. The material will also be useful to current and future wealth management professionals within the financial services industry. Readers should have a solid understanding of financial principles, as well as a rudimentary background in economics and accounting.
Chile Und Die Geschichte Des Versicherungsrechts Sammelrezension Zu Phillip Hellwege Hg A Comparative History Of Insurance Law In Europe A Research Agenda Comparative Studies In The History Of Insurance Law Studien Zur Vergleichenden Geschichte Des Versicherungsrechts Hil 1 Berlin Duncker Humblot 2018 253 S Isbn 978 3 428 15499 9 Ders Hg The Past Present And Future Of Tontines A Seventeenth Century Financial Product And The Development Of Life Insurance Comparative Studies In The History Of Insurance Law Studien Zur Vergleichenden Geschichte Des Versicherungsrechts Hil 2 Berlin Duncker Humblot 2018 413 S Isbn 978 3 428 15615 3 Ders Hg A History Of Tontines In Germany From A Multi Purpose Financial Product To A Single Purpose Pension Product Comparative Studies In The History Of Insurance Law Studien Zur Vergleichenden Geschichte Des Versicherungsrechts Hil 3 Berlin Duncker Humblot 2018 190 S Isbn 978 3 428 15616 0
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Author : Albrecht Cordes
language : de
Publisher:
Release Date : 2019
Chile Und Die Geschichte Des Versicherungsrechts Sammelrezension Zu Phillip Hellwege Hg A Comparative History Of Insurance Law In Europe A Research Agenda Comparative Studies In The History Of Insurance Law Studien Zur Vergleichenden Geschichte Des Versicherungsrechts Hil 1 Berlin Duncker Humblot 2018 253 S Isbn 978 3 428 15499 9 Ders Hg The Past Present And Future Of Tontines A Seventeenth Century Financial Product And The Development Of Life Insurance Comparative Studies In The History Of Insurance Law Studien Zur Vergleichenden Geschichte Des Versicherungsrechts Hil 2 Berlin Duncker Humblot 2018 413 S Isbn 978 3 428 15615 3 Ders Hg A History Of Tontines In Germany From A Multi Purpose Financial Product To A Single Purpose Pension Product Comparative Studies In The History Of Insurance Law Studien Zur Vergleichenden Geschichte Des Versicherungsrechts Hil 3 Berlin Duncker Humblot 2018 190 S Isbn 978 3 428 15616 0 written by Albrecht Cordes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
African Law S
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Author : Salvatore Mancuso
language : en
Publisher: BRILL
Release Date : 2023-09-29
African Law S written by Salvatore Mancuso and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-29 with Law categories.
This book takes a comparative law perspective and proposes a new approach for researching law in Africa. Western theoretical perspectives in comparative law are too Eurocentric to fully catch the peculiarities and characteristics of the African “lawscape”—in short, they are inadequate for studying African law. In this book, Professor Salvatore Mancuso considers the law in Africa from a different perspective. Deeply rooted in the culture of the African people, this approach considers African legal culture with the same legitimacy as Western legal culture, setting a precedent for future policy-making decisions relating to legislative development in Africa.