On a Discrete-Time Risk Model with Random Income and a Constant Dividend Barrier

Zhenhua Bao, Junqing Huang, Jing Wang and Xuewen Lu

Journal of Mathematics, 2021, vol. 2021, 1-7

Abstract: In this paper, a discrete-time risk model with random income and a constant dividend barrier is considered. Under such a dividend policy, once the insurer’s reserve hits the level bb>0, the excess of the reserve over b is paid off as dividends. We derive a homogeneous difference equation for the expected present value of dividend payments. Corresponding solution procedures for the difference equation are invested. Finally, we give a numerical example to illustrate the applicability of the results obtained.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jjmath:5575187

DOI: 10.1155/2021/5575187

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