Life insurance policyholder protection, government green subsidy, and cap-and-trade transactions in a black swan environment | |
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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; 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 | 1873-6181; 0140-9883 |
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,紙本 |
相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/125258 ) |
SDGS | 良好健康和福祉,尊嚴就業與經濟發展,永續城市與社區,氣候行動 |