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Information Spillovers Margins Scale And Scope
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Book Synopsis Information Spillovers, Margins, Scale, and Scope by : Jeffrey Ian Bernstein
Download or read book Information Spillovers, Margins, Scale, and Scope written by Jeffrey Ian Bernstein and published by . This book was released on 1992 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model of the production of life insurance services. The focus is on price setting ability and the cost advantages from size and diversity. The model characterizes insurers decisions on the face value and number of policies and the number of insurance lines. The model is applied to Canadian life insurance firms. Price-cost margins average from 13% to 40%. These margins emanate from information spillovers generated by marketing activities. Cost advantages due to size are small, but are substantial from diversity. Returns to scale average from 1.13 to 1.40, while returns to scope average from 70% to 100%.
Book Synopsis Information Spillovers, Margins, Scale and Scope by : Jeffery I. Bernstein
Download or read book Information Spillovers, Margins, Scale and Scope written by Jeffery I. Bernstein and published by . This book was released on 2007 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model of the production of life insurance services. The focus is on price setting ability and the cost advantages from size and diversity. The model characterizes insurers decisions on the face value and number of policies and the number of insurance lines. The model is applied to Canadian life insurance firms. Price-cost margins average from 13% to 40%. These margins emanate from information spillovers generated by marketing activities. Cost advantages due to size are small, but are substantial from diversity. Returns to scale average from 1.13 to 1.40, while returns to scope average from 70% to 100%.
Book Synopsis Information spillovers, margins, scale and scope by : Elizabeth Brainerd
Download or read book Information spillovers, margins, scale and scope written by Elizabeth Brainerd and published by . This book was released on 1992 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Insurance by : Georges Dionne
Download or read book Handbook of Insurance written by Georges Dionne and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 980 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1970's, the research agenda in insurance was dominated by optimal insurance coverage, security design, and equilibrium under conditions of imperfect information. The 1980's saw a growth of theoretical developments including non-expected utility, price volatility, retention capacity, the pricing and design of insurance contracts in the presence of multiple risks, and the liability insurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic events dominated the research agenda in the 1990's. The Handbook of Insurance provides a single reference source on insurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developments in insurance and its related fields that have occurred over the last thirty years. The book starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management and insurance pricing, and the industrial organization of insurance markets. The book ends with life insurance, pensions, and economic security. Each chapter has been written by a leading authority in insurance, all contributions have been peer reviewed, and each chapter can be read independently of the others.
Book Synopsis Data Envelopment Analysis in the Financial Services Industry by : Joseph C. Paradi
Download or read book Data Envelopment Analysis in the Financial Services Industry written by Joseph C. Paradi and published by Springer. This book was released on 2017-11-21 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the methodology and applications of Data Envelopment Analysis (DEA) in measuring productivity, efficiency and effectiveness in Financial Services firms such as banks, bank branches, stock markets, pension funds, mutual funds, insurance firms, credit unions, risk tolerance, and corporate failure prediction. Financial service DEA research includes banking; insurance businesses; hedge, pension and mutual funds; and credit unions. Significant business transactions among financial service organizations such as bank mergers and acquisitions and valuation of IPOs have also been the focus of DEA research. The book looks at the range of DEA uses for financial services by presenting prior studies, examining the current capabilities reflected in the most recent research, and projecting future new uses of DEA in finance related applications.
Book Synopsis Changing Roles of State Intervention in Services in an Era of Open International Markets by : Yair Aharoni
Download or read book Changing Roles of State Intervention in Services in an Era of Open International Markets written by Yair Aharoni and published by SUNY Press. This book was released on 1997-03-06 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the globalization of the service industry and the radical alteration that this has caused to the role of government. It will be helpful to managers in service industries who wish to learn more about changes in the environment in which they operate, and it also is essential reading for government officials who deal with the services sector.
Book Synopsis Price Margins and Capital Adjustment by : Jeffrey Ian Bernstein
Download or read book Price Margins and Capital Adjustment written by Jeffrey Ian Bernstein and published by . This book was released on 1992 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to estimate a model incorporating noncompetitive behaviour in product and factor markets, In addition, capital accumulation is subject to adjustment costs so that firms are not constrained to be in long-run equilibrium. The model is applied to two major Canadian manufacturing industries: pulp and paper and mill products. The results show for both industries in each of the three product markets and the wood input market that there is competitive behaviour. In addition, the industries are not in long-run equilibrium as marginal adjustment costs cause marginal profit to exceed the rental rate on capital. With the industries exhibiting short-run competitive behaviour in product and factor markets, new estimates are derived for scale economies and rates of technological change. Unlike the results from other studies, both industries exhibit small scale economies and positive rates of technological change.
Book Synopsis NBER Reporter by : National Bureau of Economic Research
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 1992 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Conceptually Based Measures of Structural Adaptability by : Kala Krishna
Download or read book Conceptually Based Measures of Structural Adaptability written by Kala Krishna and published by . This book was released on 1992 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides definitions and measures of the extent of adaptability of an economy to exogenous changes in product prices, factor availability and technological change. It is argued that flexibility can in general only be defined relative to the exogenous changes that occur. Using a dual approach, measures of flexibility in response to the particular exogenous shock are developed. In addition, a decomposition of the total change in National Income into its component parts including gains due to flexibility or losses due to inflexibility is developed.
Download or read book Working Paper Series written by and published by . This book was released on 1998 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Detection of Bid Rigging in Procurement Auctions by : Robert H. Porter
Download or read book Detection of Bid Rigging in Procurement Auctions written by Robert H. Porter and published by . This book was released on 1992 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Effects of a U.S.-Mexican Free Trade Agreement by : Edward E. Leamer
Download or read book Wage Effects of a U.S.-Mexican Free Trade Agreement written by Edward E. Leamer and published by . This book was released on 1992 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent to which education will be subsidized when the subsidy rate is determined by majority voting. The analysis takes place in a framework where education is a discrete decision and all individuals would like to obtain an education because of its effect on future earnings. Individuals differ in their initial income levels. Mexico doesn't seem economically large enough now to have a significant effect on the prices of goods and the earnings of labor in the United States, but Mexican population growth and productivity gains induced by liberalization will make the Mexico of the future much larger than today, especially in those sectors that use intensively Mexico's abundant low-skilled labor. Furthermore, in a free trade agreement with the United States, Mexico has an incentive to concentrate production on those sectors that are most protected by the U.S, from third-country competition, and to export all that product to the high-priced protected U.S. market. For all these reasons, the Mexico of the future is large enough to undo current or future U.S. protection designed to maintain wages of low-skilled workers. With or without a free trade agreement. the United States faces a substantial problem with the continuing economic deterioration of the lowest skilled workers. A free trade agreement with Mexico would keep the U.S. from using protectionism to deal with this problem.
Download or read book Do Taxes Matter? written by Joel Slemrod and published by . This book was released on 1992 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effects of Tax-based Saving Incentives on Government Revenue and National Saving by : Martin S. Feldstein
Download or read book The Effects of Tax-based Saving Incentives on Government Revenue and National Saving written by Martin S. Feldstein and published by . This book was released on 1992 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that previous analyses of IRA-type plans have miscalculated their effect on tax revenue and therefore on national saving by ignoring their impact on corporate tax payments. Recognizing the important effect of IRA plans on corporate tax revenue changes previous conclusions about the revenue effects of IRA plans in fundamental ways. The revenue loss associated with IRAs is either much smaller than has generally been estimated or is actually a revenue gain, depending on the time horizon and key parameter values. In addition to analyzing the effects of traditional tax-deductible IRA plans, the paper presents an alternative nontaxable IRA (in which contributions are not deductible and no subsequent tax is levied on earnings or withdrawals) and shows that, for the most plausible parameter values, the net revenue effect is positive in every year. Although each individual participant eventually withdraws all of his own contributions and accumulated earnings from his IRA account, the net impact on the national capital stock of that individual's participation remains positive even after his death because of the favorable cumulative effects on tax revenue. This is true for traditional deductible IRA plans as well as for the nontaxable IRAs.
Book Synopsis Foreign Insurers in Emerging Markets by : Harold D. Skipper
Download or read book Foreign Insurers in Emerging Markets written by Harold D. Skipper and published by . This book was released on 1997 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Transitional Dynamics in Two-sector Models of Endogenous Growth by : Casey B. Mulligan
Download or read book Transitional Dynamics in Two-sector Models of Endogenous Growth written by Casey B. Mulligan and published by . This book was released on 1992 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The steady state and transitional dynamics of two-sector models of endogenous growth are analyzed in this paper. We describe necessary conditions for endogenous growth. The conditions allow us to reduce the dynamics of the solution to a system with one state-like and two control-like variables. We analyze the determinants of the long run growth rate. We use the Time-Elimination Method to analyze the transitional dynamics of the models. We find that there are transitions in real time if the point-in-time production possibility frontier is strictly concave, which occurs, for example, if the two production functions are different or if there are decreasing point-in-time returns in any of the sectors. We also show that if the models have a transition in real time, the models are globally saddle path stable. We find that the wealth or consumption smoothing effect tends to dominate the substitution or real wage effect so that the transition from relatively low levels of physical capital is carried over through high work effort rather than high savings. We develop some empirical implications. We show that the models predict conditional convergence in that, in a cross section, the growth rate is predicted to be negatively related to initial income but only after some measure of human capital is held constant. Thus, the models are consistent with existing empirical cross country evidence.
Book Synopsis The Canadian Journal of Economics by :
Download or read book The Canadian Journal of Economics written by and published by . This book was released on 1999 with total page 1490 pages. Available in PDF, EPUB and Kindle. Book excerpt: A general interest journal in economics.
