EconPapers    
Economics at your fingertips  
 

On the Emergence of Private Insurance in Presence of Mutual Agreements

Renaud Bourlès ()

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of an insurance company and more precisely to study in which situations a private insurance firm may emerge in presence of an incumbent mutual firm. Our approach differs from the existing literature as we integrate the investment choices of the company and the fact that, because it commits on a fix contract, it can become insolvent. In such a situation we are able to characterize the unique optimal choices of an entrant company and the conditions favoring or preventing its appearance.

Keywords: Insurance market; Mutual firms; Commitment; Insolvency (search for similar items in EconPapers)
JEL-codes: D8 G22 L1 (search for similar items in EconPapers)
Date: 2007-06-29
New Economics Papers: this item is included in nep-bec and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/5821/1/MPRA_paper_5821.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/5827/1/MPRA_paper_5827.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/15374/4/MPRA_paper_15374.pdf revised version (application/pdf)

Related works:
Working Paper: How Can Insurance Companies Compete With MutualInsurers? The Role of Commitment (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5821

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2025-03-22
Handle: RePEc:pra:mprapa:5821