On Effects of Asymmetric Information on Non-Life Insurance Prices under Competition

Details

Serval ID
serval:BIB_76AB3DCE4B72
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
On Effects of Asymmetric Information on Non-Life Insurance Prices under Competition
Journal
International Journal of Data Analysis Techniques and Strategies
Author(s)
Albrecher H., Daily-Amir D.
Publication state
Published
Issued date
2017
Peer-reviewed
Oui
Volume
9
Number
4
Pages
287-299
Language
english
Abstract
We extend a game-theoretic model of Dutang et al. (2013) for non-life insurance pricing under competition among insurance companies and investigate the effects of asymmetric information on the equilibrium premium. We study Bayesian Nash equilibria as well as Bayesian Stackelberg equilibria and illustrate the sensitivity of equilibrium prices to various forms and magnitudes of information asymmetry through some numerical examples.
Keywords
Non-Life Insurance Pricing, Premium, Non-Cooperative Game Theory, Asymmetric Information, Nash Equilibrium, Stackelberg equilibrium, Price Sensitivity
Create date
15/11/2016 14:06
Last modification date
21/08/2019 6:13
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