Bargaining Power and Efficiency in Insurance Contracts

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Efficiency and Bargaining Power in the Interbank Loan Market

We use data on interbank loans and the core equilibrium concept to examine the efficiency of an overnight interbank lending market, and the bargaining power of its participants. In the specific case of Canada’s Large-Value Transfer System, we show that while the market is fairly efficient, systemic inefficiency persists throughout our sample. The level of inefficiency matches distinct phases of...

متن کامل

Bargaining over Incentive Contracts

Standard contract theory assumes that the principal holds all of the bargaining power. By implementing alternating o¤er and strategic delay, we transform the one-shot contracts design game into the in…nite-horizon contracts bargaining game. The uninformed principal and the informed agent bargain over multiple dimensions. Our paper presents the following new results. When the di¤erence between t...

متن کامل

Insurance Contracts and Securitization

High correlations between risks can increase required insurer capital and/or reduce the availability of insurance. For such insurance lines, securitization is rapidly emerging as an alternative form of risk transfer. The ultimate success of securitization in replacing or complementing traditional insurance and reinsurance products depends on the ability of securitization to facilitate and/or be...

متن کامل

Hidden Information, Bargaining Power, And Efficiency: An Experiment

We devise an experiment to explore the effect of different degrees of bargaining power on the design and the selection of contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a third treatment an agent may choose between the contract menus offered ...

متن کامل

Energy Efficiency Contracting in Supply Chains under Asymmetric Bargaining Power

Evidence shows that suppliers refrain from investing in energy efficiency (EE) measures because they fear that a buyer with greater bargaining power will use the EE-related cost reductions to push prices down, in the purchase bargaining process, and thereby further reduce the supplier’s profit margin. Suppliers are also discouraged from EE investment by the uncertainty associated with new techn...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: The Geneva Risk and Insurance Review

سال: 2009

ISSN: 1554-964X,1554-9658

DOI: 10.1057/grir.2008.15