Heterogeneous Expectations and Speculative Behavior in Insurance-Linked Securities
Within the framework of heterogeneous agent models, this paper analyzes the impact factors on the issuance of an insurance-linked security (ILS), and gives an ILS pricing formula and the conditions of existence and stability of the issue price. We consider two cases: fixed supply and flexible supply...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2015-01-01
|
| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2015/574091 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|