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On optimal joint reflective and refractive dividend strategies in spectrally positive Lévy models

Benjamin Avanzi, José-Luis Pérez, Bernard Wong and Kazutoshi Yamazaki

Insurance: Mathematics and Economics, 2017, vol. 72, issue C, 148-162

Abstract: The expected present value of dividends is one of the classical stability criteria in actuarial risk theory. In this context, numerous papers considered threshold (refractive) and barrier (reflective) dividend strategies. These were shown to be optimal in a number of different contexts for bounded and unbounded payout rates, respectively.

Keywords: Surplus models; Optimal dividends; Threshold strategy; Barrier strategy; Transaction costs (search for similar items in EconPapers)
JEL-codes: C44 C61 G24 G32 G35 (search for similar items in EconPapers)
Date: 2017
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Insurance: Mathematics and Economics is currently edited by R. Kaas, Hansjoerg Albrecher, M. J. Goovaerts and E. S. W. Shiu

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