On The Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance
收藏NBER1997-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6011
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资源简介：
We model the equilibrium price and quantity of risk transfer between firms and financial intermediaries. Value-maximizing firms have downward sloping demands to cede risk, while intermediaries, who assume risk, provide less-than-fully-elastic supply. We show that equilibrium required returns will be
提供机构：
美国国家经济研究局
创建时间：
1997-04-01
