On the pricing of intermediated risks : theory and application to catastrophe reinsurance /
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...
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| Corporate Author: | |
| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
[Boston] :
Division of Research, Harvard Business School,
c1997.
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| Series: | Working paper (Harvard University. Graduate School of Business Administration. Division of Research) ;
98-024. |
| Subjects: | |
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3rd Floor Main Library
| Call Number: |
A1234.567 |
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| Copy 1 | Available |