Article: article from journal or magazin.
Competition among non-life insurers under solvency constraints: a game-theoretic approach
European Journal of Operational Research
We formulate a noncooperative game to model competition for policyholders among non-life insurance companies, taking into account market premium, solvency level, market share and underwriting results. We study Nash equilibria and Stackelberg equilibria for the premium levels, and give numerical illustrations.
Non-life insurance, Market model, Game theory, Nash equilibrium, Stackelberg equilibrium
Web of science
Last modification date