A simple model of financial grey rhino under insurer capital regulation: an extension | |
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學年 | 110 |
學期 | 1 |
出版(發表)日期 | 2021-11-08 |
作品名稱 | A simple model of financial grey rhino under insurer capital regulation: an extension |
作品名稱(其他語言) | |
著者 | Jyh-Horng Lin; Chuen-Ping Chang; Shi Chen |
單位 | |
出版者 | |
著錄名稱、卷期、頁數 | Applied Economics Letters 28(21), 1872-1876 |
摘要 | In a recent paper, Huang (2020) proposes a contingent claim model of financial grey rhino under capital regulation. A preliminary result is that stringent capital regulation enhances the insurer's survival, thereby contributing to insurance stability. In this note, we critically evaluate her objective setting and refine the comparative statics by developing a contingent claim utility model. We show that stringent capital regulation helps policyholder protections, but at the expense of the insurer's equity return, thus adversely affecting insurer survival. |
關鍵字 | financial grey rhino;absolute risk aversion;optimal guaranteed rate;insurer capital regulation |
語言 | en |
ISSN | |
期刊性質 | 國外 |
收錄於 | SSCI |
產學合作 | |
通訊作者 | Shi Chen |
審稿制度 | 是 |
國別 | GBR |
公開徵稿 | |
出版型式 | ,電子版 |
相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/119688 ) |
SDGS | 消除貧窮,消除飢餓,尊嚴就業與經濟發展,負責任的消費與生產,夥伴關係 |