| Free riding and insurer carbon-linked investment | |
|---|---|
| 學年 | 110 |
| 學期 | 1 |
| 出版（發表）日期 | 2022-01-19 |
| 作品名稱 | Free riding and insurer carbon-linked investment |
| 作品名稱（其他語言） | |
| 著者 | Lin, Jyh-horng |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Energy Economics 107, 105838 |
| 摘要 | The paper develops a two-insurer contingent claim framework to evaluate their equities. One insurer conducts carbon-linked investment, while the other conducts conventional (non-carbon-linked) investment. The freeriding issue becomes essential because of the carbon-emission externality. We show that the life insurance policyholders are free riders when either the return of carbon-linked or the conventional investment increases. But the cost burden of policyholder protection is the reduced insurer interest margin. The results also apply to the increased carbon-linked investment volatility and the different coronavirus COVID-19 impacts on the two-insurer interest margins. In the soundness test, we show that insurance stability at the cost of insurer profits is less significant when the carbon-linked investor’s barrier increases. Free riding would be intimately relevant to insurance and carbon-emission environments in the barrier option model. |
| 關鍵字 | Free riding;Carbon-linked investment;Carbon emission;Insurer interest margin;Policyholder |
| 語言 | en |
| ISSN | 1873-6181 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI Scopus |
| 產學合作 | |
| 通訊作者 | Lin, Jyh-horng |
| 審稿制度 | 是 |
| 國別 | NLD |
| 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/987654321/124236 ) |
| SDGS | 消除貧窮,永續城市與社區,氣候行動,夥伴關係 |
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