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

Détails

ID Serval
serval:BIB_76AB3DCE4B72
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
On Effects of Asymmetric Information on Non-Life Insurance Prices under Competition
Périodique
International Journal of Data Analysis Techniques and Strategies
Auteur⸱e⸱s
Albrecher H., Daily-Amir D.
Statut éditorial
Publié
Date de publication
2017
Peer-reviewed
Oui
Volume
9
Numéro
4
Pages
287-299
Langue
anglais
Résumé
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.
Mots-clé
Non-Life Insurance Pricing, Premium, Non-Cooperative Game Theory, Asymmetric Information, Nash Equilibrium, Stackelberg equilibrium, Price Sensitivity
Création de la notice
15/11/2016 13:06
Dernière modification de la notice
21/08/2019 5:13
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