風險轉換及保險需求
Date Issued
2005
Date
2005
Author(s)
DOI
932416H002038
Abstract
Gollier (1995) first identified a
necessary and sufficient condition for
unambiguous comparative statics for demand
under transformations of a risky asset’s
probability distribution. In this project, we
extend Gollier’s approach to study the
demand for insurance, when the price of
insurance is not preserved. We begin by
demonstrating how Gollier’s result may be
applied to the case of proportional insurance
with premiums preserved by the
transformation of the loss random variable.
Moreover, we show that Gollier’s result can
not be directly employed when the price of
insurance is not preserved. We then try to
find the necessary and sufficient condition of
comparative statics for transformations of the
loss distribution that may or may not
preserve premiums.
Subjects
Risk Transformations
Insurance Premiums
Proportional Insurance
Publisher
臺北市：國立臺灣大學財務金融學系暨研究所
Type
report
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