منابع مشابه
Fair Pricing of Weather Derivatives
This paper proposes a consistent approach to the pricing of weather derivatives. Since weather derivatives are traded in an incomplete market setting, standard hedging based pricing methods cannot be applied. The growth optimal portfolio, which is interpreted as a world stock index, is used as a benchmark or numeraire such that all benchmarked derivative price processes are martingales. No meas...
متن کاملReinforcement Learning for Fair Dynamic Pricing
Unfair pricing policies have been shown to be one of the most negative perceptions customers can have concerning pricing, and may result in long-term losses for a company. Despite the fact that dynamic pricing models help companies maximize revenue, fairness and equality should be taken into account in order to avoid unfair price differences between groups of customers. This paper shows how to ...
متن کاملPortfolio Choice and Fair Pricing in Life and Pension Insurance
We investigate the implications of optimal portfolio choice on fair pricing of specific pension insurance contracts. We motivate that the manager of the insurance company should optimize utility of final payout for the policy holders. The payout to the policy holder is highly non-linear in wealth, implying that the optimization problem is non-trivial. Still, we find closed form solutions. Simul...
متن کاملFair and efficient pricing and the finance of roads
I have a very simple proposition to put, that transport finance is in a mess and some radical thinking is required to solve the problem. I think the time is ripe to draw the lessons of history, and a remarkable number of pieces of the jigsaw are now falling into place. I shall propose a way of reforming the management of public sector assets, and specifically the road system. I think it is a su...
متن کاملParadoxes of Fair Division
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive o...
متن کاملذخیره 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: South African Journal of Economic and Management Sciences
سال: 2016
ISSN: 2222-3436,1015-8812
DOI: 10.4102/sajems.v19i2.1136