Three Essays In Risk And Insurance
DOWNLOAD
Download Three Essays In Risk And Insurance PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Three Essays In Risk And Insurance book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Three Essays In Risk And Insurance
DOWNLOAD
Author : Bum Kim
language : en
Publisher:
Release Date : 2004
Three Essays In Risk And Insurance written by Bum Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Three Essays On The Economics Of Risk Insurance And Production
DOWNLOAD
Author : Seyyed Ali Zeytoon Nejad Moosavian
language : en
Publisher:
Release Date : 2019
Three Essays On The Economics Of Risk Insurance And Production written by Seyyed Ali Zeytoon Nejad Moosavian 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.
Risk Taking And Insurance Demand With Multiple Sources Of Risk
DOWNLOAD
Author : Sebastian Hinck
language : en
Publisher:
Release Date : 2023
Risk Taking And Insurance Demand With Multiple Sources Of Risk written by Sebastian Hinck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Three Essays On Extensions In Risk Uncertainty And Insurance
DOWNLOAD
Author : Christopher Andrew Whaley
language : en
Publisher:
Release Date : 2016
Three Essays On Extensions In Risk Uncertainty And Insurance written by Christopher Andrew Whaley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Electronic dissertations categories.
In the first essay, we prove existence and uniqueness of equilibrium in a rent-seeking contest given a class of heterogeneous risk-loving players. We explore the role third-order risk attitude plays in equilibrium and find that imprudence is sufficient for risk lovers to increase rent-seeking investment above the risk-neutral outcome. Moreover, we show that rent can be fully dissipated in a standard Tullock contest when there is a large number of risk-loving players. In the second essay, we investigates the impact classic variables like medical care and lifestyle choices have on the mean, variance and skewness of a health distribution. We achieve this by positing health as output from a stochastic production process, a seemingly practical advantage over much of the deterministic literature. We leverage this unique approach to estimate how a set of explanatory variables impact the conditional moments of a health distribution. We then use these moments in a maximum entropy framework to analyze the shape impact of medical care. We find evidence of "flat of the curve'' medicine but also demonstrate the higher-order benefits of additional medical care. In the third and final essay, we investigate risk in the context of farmer and their choice of irrigation. While the benefits and utilization of crop irrigation have long been examined in agricultural economics, little attention is paid to the potential confounding relationship that may exist with other risk-management tools. Specifically, we pursue how standard crop insurance relates to irrigation. We identify irrigation as a form of self-protection, reducing the probability of crop loss due to adverse stochastic conditions. Given this, we investigate if irrigation acts as a complement to crop insurance. We test this relationship within a model of crop yields, identifying that jointly irrigated and insured lands both receive higher average yield and lead to variance and skewness effects on the overall yield distribution.
Three Essays On Agricultural Risk And Insurance
DOWNLOAD
Author : Li Zhang
language : en
Publisher:
Release Date : 2008
Three Essays On Agricultural Risk And Insurance written by Li Zhang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Three Essays On Risk And Insurance
DOWNLOAD
Author : Boyi Zhuang
language : en
Publisher:
Release Date : 2016
Three Essays On Risk And Insurance written by Boyi Zhuang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Electronic dissertations categories.
Previous writers have attempted to resolve the equity premium puzzle by employing a utility function that depends on current consumption minus (or relative to) past habit consumption. The first chapter points out that an individual's current utility may also depend upon how well off in the recent past he or she had expected to be today. Hence we add the concept "expectation formation" to the utility modification term in a model with a habit-formation utility function. We apply the model to equity premium puzzle and find that it is able to fit the data with a relatively low coefficient of relative risk aversion. Furthermore we fit the model to 40-year rolling samples and find that the estimated coefficient of risk aversion does not vary much as the sample changes. Hence we conclude that the model is able to resolve the equity premium puzzle. The second chapter presents a two-period model in which an individual can purchase insurance, save and borrow to protect herself against potential risk in the future. A model for insurance without the presence of capital market, and one for saving/borrowing without insurance are also discussed. We show that neither insurance nor precautionary saving/borrowing alone can generate a complete market analog, but both together can. We also show how optimal choices for insurance and saving/borrowing change when key factors in the environment change. The third chapter incorporates the ideas of habit formation and reference-dependent preference with a two-period model for insurance, saving and borrowing. I compare the results with the ones with a standard expected utility, and find that this model helps to explain all the phenomena of over-insured, under-saving and over-borrowing at the same time.
Three Essays On Agricultural Risk Insurance And Technology
DOWNLOAD
Author : Ligia Vado Sequeira
language : en
Publisher:
Release Date : 2010
Three Essays On Agricultural Risk Insurance And Technology written by Ligia Vado Sequeira 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.
Three Essays On Systemic Risk And Rating In Crop Insurance Markets
DOWNLOAD
Author : Joshua D. Woodard
language : en
Publisher: ProQuest
Release Date : 2008
Three Essays On Systemic Risk And Rating In Crop Insurance Markets written by Joshua D. Woodard and has been published by ProQuest this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
The second essay investigates the loss performance of the Federal Crop Insurance program. Historically, government insurance programs tend to be ineffective at segregating risks, leading to markets that are inefficient. In the case of the Federal Crop Insurance program, rates are set non-competitively. This study develops a spatial econometric model of loss experience and finds evidence of geographic misratings. The results also suggest that substantial actuarial cross-subsidization is resulting from the apparent rating inequities, which has a variety of welfare implications.
Three Essays In Finance Real Estate And Insurance
DOWNLOAD
Author : Evgeny Radetskiy
language : en
Publisher:
Release Date : 2015
Three Essays In Finance Real Estate And Insurance written by Evgeny Radetskiy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
There are three essays that comprise this dissertation. In the first essay we investigate how a country's enforcement of insider trading laws affects learning among stock market participants. We measure learning as the speed with which analyst forecast errors decline as the firm matures. We show that analyst forecast errors decline faster with progression in the firm's age (more learning), when insider trading laws are enforced. We find that learning improves and M/B ratios stabilize faster with the enforcement of insider trading laws. These learning effects are more pronounced among countries with stronger regulatory infrastructure. Also, we demonstrate that firms with higher analyst forecast errors and slower rates of learning before the 2008 financial crisis have a significantly higher probability of stock crash. In the second essay, we temporally examine the existence of price premiums for a sample of single family homes in gated residential communities relative to values in comporable non-gated communities in Shelby County, Tennessee. Controling for idiosyncratic attributes, we find that homes in gated communities carry significant price premiums relative to similar homes in non-gated communities. Price premiums are highest for medium size gated communities. Premiums were also evident in higher priced gated communities before 2008 but vanished after the financial crisis. We conclude that price premiums result from net gated community benefits. The third essay develops a risk management proposal for a two-tiered private-public national health insurance plan. Under this plan, private insurers underwrite basic plans and perform most administrative functions. A second-tier, public national health reinsurance plan allows truncated annual losses for private insurers. When private insurers' annual per person claims exceed a pre-specified level, additional claims are undeerwritten by a single payer, public national health reinsurance system. We develop an actuarial approach that considers possible contemporaneous correlation between paid claim frequency and severity and first-order serial correlation. Given a first-tier loss cutoff of $15,000, we demonstrate that premiums are reduced by approximately 60% when compared to current private insurer pure premiums. We suggest that a two-tiered health care system may better provide all citizens health insurance that is more affordable for employers and individuals.
Three Essays On The Insurance Of Income Risk And Monetary Policy
DOWNLOAD
Author : Swapnil Singh
language : en
Publisher:
Release Date : 2017
Three Essays On The Insurance Of Income Risk And Monetary Policy written by Swapnil Singh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
"The primary focus of this thesis is on the explicit incorporation of individual heterogeneity to address two important questions. First, do the households have more information about their income risk as compared to what is assessed by an econometrician? I find that there is a systematic income risk gap: household's perceived income risk is at least 12 percent lower than what is estimated by an econometrician. Second, is the provision of public insurance necessarily welfare improving in the standard incomplete markets model? I show quantitatively that this may not be the case if one group of individuals receive significantly more public insurance as compared to other groups over time."--Samenvatting auteur.