Life insurance policyholder protection, government green subsidy, and cap-and-trade transactions in a black swan environment
學年 111
學期 1
出版（發表）日期 2022-09-29
作品名稱 Life insurance policyholder protection, government green subsidy, and cap-and-trade transactions in a black swan environment
作品名稱（其他語言）
著者 Chen S. F. W. Huang and J. H. Lin
單位
出版者
著錄名稱、卷期、頁數 Energy Economics 115, 106333
摘要 Previous research has examined the cap-and-trade mechanism with carbon emission reduction for productive firms. This paper encompasses the earlier studies by integrating borrowing firms (productive firms) conducting cap-and-trade transactions with life insurer lending decisions in a black swan environment. Our research provides the first cap call option model to describe the insurer-borrowing firm situation. In particular, we find that a black swan event stimulates life insurance businesses. The cap-and-trade scheme increases the guaranteed rate of the life insurance policy and policyholder protection. Enhancing the subsidy for the green borrowing firm deteriorates the policyholder protection in a black swan environment.
關鍵字 Policyholder protection Green subsidy Cap-and-trade Black swan
語言 en
ISSN
期刊性質 國外
收錄於 SSCI Scopus
產學合作
通訊作者 Jyh-Horng Lin
審稿制度 是
國別 NLD
公開徵稿
出版型式 ,電子版