Artikel

Stackelberg equilibrium premium strategies for push-pull competition in a non-life insurance market with product differentiation

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Two insurance companies I 1 ,I 2 with reserves R 1 (t),R 2 (t) compete for customers, such that in a suitable differential game the smaller company I 2 with R 2 (0)K 2 and I 2 is the leader choosing its premium first, conditions for Stackelberg equilibrium are established. For gamma-distributed rates of claim arrivals, explicit equilibrium premiums are obtained, and shown to depend on the running reserve difference. The analysis is based on the diffusion approximation to a standard Cramér-Lundberg risk process extended to allow investment in a risk-free asset.

Sprache
Englisch

Erschienen in
Journal: Risks ; ISSN: 2227-9091 ; Volume: 7 ; Year: 2019 ; Issue: 2 ; Pages: 1-20 ; Basel: MDPI

Klassifikation
Wirtschaft
Thema
Stochastic differential game
Product differentiation
Adverse selection
Stackelberg equilibrium

Ereignis
Geistige Schöpfung
(wer)
Asmussen, Søren
Christensen, Bent Jesper
Thøgersen, Julie
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2019

DOI
doi:10.3390/risks7020049
Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
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Objekttyp

  • Artikel

Beteiligte

  • Asmussen, Søren
  • Christensen, Bent Jesper
  • Thøgersen, Julie
  • MDPI

Entstanden

  • 2019

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