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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/74895


    Title: Insurance bargaining under ambiguity
    Authors: Huang, R.J.;Huang, Y.-C.;Tzeng, Larry Y
    Contributors: 風管系
    Date: 2013-11
    Issue Date: 2015-04-28 17:00:09 (UTC+8)
    Abstract: This paper investigates the effects of an increase in ambiguity aversion and an increase in ambiguity in an insurance bargaining game with a risk-and-ambiguity-neutral insurer and a risk-and-ambiguity-averse client. Both a cooperative and a non-cooperative bargaining game are examined. We show that, in both games, full coverage is optimal in the presence of ambiguity, and that the optimal premium is higher in the presence of ambiguity than in the absence of it. Furthermore, the optimal premium will increase with both the degree of ambiguity aversion and an increase in ambiguity. © 2013 Elsevier B.V.
    Relation: Insurance: Mathematics and Economics, 53(3), 812-820
    Data Type: article
    DOI link: http://dx.doi.org/10.1016/j.insmatheco.2013.10.001
    DOI: 10.1016/j.insmatheco.2013.10.001
    Appears in Collections:[Department of Risk Management and Insurance] Periodical Articles

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