Logo
Munich Personal RePEc Archive

On the Emergence of Private Insurance in Presence of Mutual Agreements

Bourlès, Renaud (2007): On the Emergence of Private Insurance in Presence of Mutual Agreements.

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_5821.pdf]
Preview
PDF
MPRA_paper_5821.pdf

Download (340kB) | Preview

Abstract

The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of an insurance company and more precisely to study in which situations a private insurance firm may emerge in presence of an incumbent mutual firm. Our approach differs from the existing literature as we integrate the investment choices of the company and the fact that, because it commits on a fix contract, it can become insolvent. In such a situation we are able to characterize the unique optimal choices of an entrant company and the conditions favoring or preventing its appearance.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.