This study examines the impact of ownership structure on reinsurance decisions in the Chinese property casualty insurance industry. The evidence shows that foreign insurers have higher reinsurance demand than domestic insurers. Specifically, foreign insurers are more likely to purchase volunteer reinsurance. More important, foreign insurers are associated with a higher percentage of facultative...

BACKGROUND Some studies have found positive associations between physical fitness and academic achievements. Pupils' academic achievements should indicate scholastic abilities to commence a post-compulsory education. However, the effect magnitude of physical fitness and academic achievements on commencement in post-compulsory education is unknown. We examined the pathways between physical fitne...

This letter clarifies the issue of compulsory reduction in linear derivation systems, and will be a helpful warning to new researchers in this area. Well known linear derivation systems include the ME procedure [3], SL-resolution [2], OL deduction [1], and the GC procedure [6]. Each of these systems incorporates a reduction operation to implement ancestor resolution and, in the GC procedure, a ...

In this paper, we present a simple model of health insurance with asymmetric information, where we compare two alternative ways of organizing the insurance market. Either as a competitive insurance market, where some risks remain uninsured, or as a compulsory scheme, where however, the level of reimbursement of loss is to be determined by majority decision. In a simple welfare comparison, the c...

BACKGROUND For many years, it has been an objective of national public health policy in Norway to reduce the number of compulsory hospitalisations under the Norwegian Mental Health Care Act. Uncertain data quality and inadequate reporting have made it difficult to obtain reliable measurements of hospitalisation trends. We have examined changes in psychiatric emergency admissions and compulsory ...

A Compulsory Drug Treatment Correctional Center (CDTCC) was established in Australia in 2006 for repeat drug-related male offenders. Compulsory treatment law is inconsistent with a therapeutic jurisprudence approach. Despite the compulsory law, a normative offender rehabilitation framework has been established based on offender moral rights. Within moral rights, the offender rehabilitation fram...

According to a widely held belief, compulsory savings are justified on efficiency grounds because they alleviate the following free rider problem: if the welfare state grants a minimum income to older persons, some of the young may find it optimal not to provide for retirement. The literature argues that compulsory savings can be used in order to overcome this problem. However, potential free r...

Should voting be compulsory? Many people believe that it should, and that countries, like Britain, which have never had compulsion, ought to adopt it. As is common with such things, the arguments are a mixture of principle and political calculation, reflecting the idea that compulsory voting is morally right and that it is likely to prove politically beneficial. This article casts a sceptical e...

This article investigates whether increasing mandatory educational attainment through compulsory schooling legislation encourages women to delay childbearing. We use variation induced by changes in compulsory schooling laws in both the US and Norway to estimate the effect in two very different institutional environments. We find evidence that increased compulsory schooling does in fact reduce t...