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  1. Danken in wissenschaftlichen Texten
    eine kontrastive Untersuchung zu deutschen und chinesischen Monographie-Danksagungen
    Author: Li, Jing
    Published: [2023]
    Publisher:  Peter Lang, Berlin

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    Source: Union catalogues
    Language: German
    Media type: Dissertation
    Format: Print
    ISBN: 9783631890769; 3631890761
    Other identifier:
    9783631890769
    Series: Deutsche Sprachwissenschaft international ; Band 39
    Subjects: Deutsch; Chinesisch; Monographie; Dank; Textsorte; Textlinguistik
    Other subjects: (Produktform)Hardback; (BISAC Subject Heading)LAN000000: LANGUAGE ARTS & DISCIPLINES / General; (BISAC Subject Heading)PSY000000: PSYCHOLOGY / General; (BISAC Subject Heading)SOC002000: SOCIAL SCIENCE / Anthropology / General; (VLB-WN)1560: Hardcover, Softcover / Sprachwissenschaft, Literaturwissenschaft
    Scope: 282 Seiten, Illustrationen, 22 cm, 436 g
    Notes:

    Dissertation, Otto-von-Guericke-Universität Magdeburg, 2022
  2. Danken in wissenschaftlichen Texten
    Eine kontrastive Untersuchung zu deutschen und chinesischen Monographie-Danksagungen
    Author: Li, Jing
    Published: 2023
    Publisher:  Peter Lang Verlag, Berlin

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  3. ETF Activities and Analysts’ Forecasts
    Author: Kothari, S. P.; Li, Jing; Li, Xu; Sheng, Mei
    Published: [2023]
    Publisher:  SSRN, [S.l.]

    We document an improvement in analysts’ forecast accuracy following increased sector ETF ownership. We identify a possible channel for this result, i.e., because ETFs are more informative with respect to industry-level information, analysts learn... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    We document an improvement in analysts’ forecast accuracy following increased sector ETF ownership. We identify a possible channel for this result, i.e., because ETFs are more informative with respect to industry-level information, analysts learn directly and efficiently from ETFs about this type of information component in individual firms’ earnings. As a result, analysts have an opportunity to re-optimize their attention to firm-specific information and improve forecast accuracy. Consistent with such a channel, analysts of follower firms revise their earnings forecasts more efficiently (i.e., exhibit greater sensitivity) to an announcer firm’s earnings announcement in the same sector ETF. Furthermore, this revision is stronger when ETFs are more actively traded, when analysts are less experienced with individual firms, and when analysts follow more firms and cover more industries

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: MIT Sloan Research Paper ; No. 6935-23
    Subjects: ETFs; Sell-side Analysts; Information Transfer; Sector ETFs; Analysts’ Forecasts
    Other subjects: Array
    Scope: 1 Online-Ressource (41 p)
    Notes:

    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 24, 2023 erstellt
  4. Young women in cities
    Author: Koh, Yumi; Li, Jing; Wu, Yifan; Yi, Junjian; Zhang, Hanzhe
    Published: July 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Young women outnumber young men in cities in many countries during periods of economic growth and urbanization. This gender imbalance among young urbanites is more pronounced in larger cities. We use the gradual rollout of special economic zones... more

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    Young women outnumber young men in cities in many countries during periods of economic growth and urbanization. This gender imbalance among young urbanites is more pronounced in larger cities. We use the gradual rollout of special economic zones across China as a quasi-experiment to establish the causes of this gender imbalance. Our analysis suggests that a key contributor is gender-differential incentives to migrate due to rural women's higher likelihood of marrying and marrying up in cities when urbanization creates more economic opportunities and an abundance of high-income marriage-age men.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279051
    Series: Discussion paper series / IZA ; no. 16353
    Subjects: urbanization; migration; gender imbalance; labor market; marriage market
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  5. Young women in cities
    Author: Koh, Yumi; Li, Jing; Wu, Yifan; Yi, Junjian; Zhang, Hanzhe
    Published: July 2023
    Publisher:  Singapore Management University, Singapore

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: SMU economics and statistics working paper series ; paper no. 2023, 10
    Subjects: Urbanization; migration; gender imbalance; labor market; marriagemarket
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  6. Regulatory uncertainty and regulatory scope
    Author: Lyon, Thomas P.; Li, Jing
    Published: 2004

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    W 202 (04.5)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Economic Analysis Group discussion paper / US Department of Justice, Antitrust Division ; 04,5
    Subjects: Regulierung; Unternehmen; Reputation; Unvollkommene Information; Signalling; Theorie
    Scope: 36, [5] S, graph. Darst
  7. The competitiveness of global port-cities
    the case of Danube Axis (Bratislava, Štúrovo, Komárno – Slovak Republic)
    Author: Bossche, Marten van den; Merk, Olaf; Li, Jing
    Published: 2013
    Publisher:  OECD, Paris

    This working paper offers an evaluation of the performance of the inland ports of the Slovak Republic within the framework of the Danube Axis, an analysis of the impact of the ports on their territory and an assessment of policies in this field. It... more

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    This working paper offers an evaluation of the performance of the inland ports of the Slovak Republic within the framework of the Danube Axis, an analysis of the impact of the ports on their territory and an assessment of policies in this field. It examines port performance over the last decades and identifies the principal factors that have contributed to it. The effect of the port on economic and environmental questions is studied and quantified where possible. The major policies governing the ports are assessed, along with policies governing transport and economic development, the environment and spatial planning. Based on the report’s findings, recommendations are proposed with a view to improving port performance and increasing the positive effects of the inland ports of Slovak Republic.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English; Slovak
    Media type: Book
    Format: Online
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    Series: OECD regional development working papers ; 2013/14
    Subjects: Binnenhafen; Interregionaler Handel; Verkehrspolitik; Regionales Wachstum; Regionalentwicklung; Internationaler Wettbewerb; Slowakei; Urban, Rural and Regional Development; Slovak Republic
    Scope: Online-Ressource (106 S.), graph. Darst., Kt.
    Notes:

    Text in engl. und slowakischer Sprache
  8. The competitiveness of global port-cities
    the case of Hong Kong – China
    Author: Merk, Olaf; Li, Jing
    Published: 2013
    Publisher:  OECD, Paris

    This working paper offers an evaluation of the performance of the port of Hong Kong, an analysis of the impact of the port on the territory and an assessment of policies in this field. It examines port performance over the last decades and identifies... more

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    This working paper offers an evaluation of the performance of the port of Hong Kong, an analysis of the impact of the port on the territory and an assessment of policies in this field. It examines port performance over the last decades and identifies the principal factors that have contributed to it. The effect of the port on economic and environmental questions is studied and quantified where possible. The major policies governing the port are assessed, along with policies governing transport and economic development, the environment and spatial planning. Based on the report’s findings, recommendations are proposed with a view to improving port performance and increasing the positive effects of the port of Hong Kong.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
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    Series: OECD regional development working papers ; 2013/16
    Subjects: Megastadt; Hafen; Stadtwachstum; Interregionaler Handel; Verkehrspolitik; Regionales Wachstum; Regionalentwicklung; Internationaler Wettbewerb; Hongkong; Urban, Rural and Regional Development; China, People’s Republic
    Scope: Online-Ressource (53 S.), graph. Darst.
  9. The steam engine and US urban growth during the late nineteenth century
    Author: Abrams, Burton A.; Li, Jing; Mulligan, James G.
    Published: 2009
    Publisher:  Univ. of Delaware, Dep. of Economics, Newark, Del.

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / University of Delaware, Department of Economics ; 2009,06
    Scope: Online-Ressource (16 S.)
  10. A new risk indicator and stress testing tool
    a multifactor nth-to-default CDS basket
    Author: Avesani, Renzo G.; Garcia Pascual, Antonio; Li, Jing
    Published: 2006
    Publisher:  IMF, Washington, DC

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 128 (06.105)
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    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
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    Language: English
    Media type: Book
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    Series: IMF working paper ; 06/105
    Subjects: Kreditrisiko; Kreditderivat
    Scope: 23 S., graph. Darst.
    Notes:

    Literaturverz. S. 22 - 23
  11. Real options and the instability of international joint ventures
    Author: Li, Jing
    Published: 2004
    Publisher:  UMI Diss. Services, Ann Arbor, Mich.

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    A07-5257
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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Print
    Subjects: Realoptionsansatz; Joint Venture; Lernende Organisation; Wissenstransfer; Spieltheorie; China
    Scope: XII, 207 S., graph. Darst.
    Notes:

    Kopie, ersch. im Verl. UMI, Ann Arbor, Mich

    Zugl.: Bloomington, Ind., Indiana Univ., Kelley School of Business, Diss., 2004
  12. Inflationary effect of oil price shocks in an imperfect market
    a partial transmission input-output analysis
    Author: Wu, Libo; Li, Jing; Zhang, ZhongXiang
    Published: 2011
    Publisher:  East-West Center, Honolulu, Hawaii

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: East-West Center working papers / Economics series ; 115
    Scope: Online-Ressource (41 S.), graph. Darst.
  13. Inflationary effect of oil-price shocks in an imperfect market
    a partial transmission input-output analysis
    Author: Wu, Libo; Li, Jing; Zhang, ZhongXiang
    Published: 2011
    Publisher:  Fondazione Eni Enrico Mattei, Milano

    This paper aims to examine the impacts of oil-price shocks on China's price levels. To that end, we develop a partial transmission input-output model that captures the uniqueness of the Chinese market. We hypothesize and simulate price control,... more

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    This paper aims to examine the impacts of oil-price shocks on China's price levels. To that end, we develop a partial transmission input-output model that captures the uniqueness of the Chinese market. We hypothesize and simulate price control, market factors and technology substitution - the three main factors that restrict the functioning of a price pass-through mechanism during oil-price shocks. Using the models of both China and the U.S., we separate the impact of price control from those of other factors leading to China's price stickiness under oil-price shocks. The results show a sharp contrast between China and the U.S., with price control in China significantly preventing oil-price shocks from spreading into its domestic inflation, especially in the short term. However, in order to strengthen the economy's resilience to oil-price shocks, the paper suggests a gradual relaxing of price control in China. -- Oil-price Shocks ; Price Transmission ; Price Control ; Input-output Analysis ; Inflation ; Industrial Structure ; China ; the United States

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/53282
    Series: Array ; 29.2011
    Scope: Online-Ressource (PDF-Datei: 41 S., 326,86 KB), graph. Darst.
  14. The effect of policyholders' rationality on unit-linked life insurance contracts with surrender guarantees
    Author: Li, Jing; Szimayer, Alexander
    Published: 2010
    Publisher:  Graduate School of Economics, Bonn

    We study the valuation of unit-linked life insurance contracts with surrender guarantees. Instead of solving an optimal stopping problem, we propose a more realistic approach accounting for policyholders’ rationality in exercising their surrender... more

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    We study the valuation of unit-linked life insurance contracts with surrender guarantees. Instead of solving an optimal stopping problem, we propose a more realistic approach accounting for policyholders’ rationality in exercising their surrender option. The valuation is conducted at the portfolio level by assuming the surrender intensity to be bounded from below and from above. The lower bound corresponds to purely exogenous surrender and the upper bound represents the limited rationality of the policyholders. The valuation problem is formulated by a valuation PDE and solved with the finite difference method. We show that the rationality of the policyholders has a significant effect on average contract value and hence on the fair contract design. We also present the separating boundary between purely exogenous surrender and endogenous surrender. This provides implications on the predicted surrender activity of the policyholders. -- Unit-linked life insurance contracts ; surrender guarantee ; limited rationality ; fair contract analysis

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/71895
    Series: Bonn econ discussion papers ; 22/2010
    Subjects: Lebensversicherung; Investmentfonds; Rückzahlung; Bewertung; Vertrag; Gerechtigkeit; Theorie
    Scope: Online-Ressouce (PDF-Datei: 22 S., 499 KB)
  15. FDI knowledge spillovers and product innovations of Chinese firms
    Author: Chen, Dong; Li, Jing; Shapiro, Daniel M.
    Published: [2008]
    Publisher:  Univ. of Oxford, Dep. of International Development, Oxford

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 148 (028)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: SLPTMD working papers ; 028
    Subjects: Auslandsinvestition; Innovation; Wissenstransfer; Regionales Cluster; Joint Venture; China
    Scope: Online-Ressource (PDF-Datei: 35 S.)
  16. Quantile treatment effects of college quality on earnings
    evidence from administrative data in Texas
    Author: Andrews, Rodney J.; Li, Jing; Lovenheim, Michael F.
    Published: 2012

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    W 1 (18068)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 18068
    Subjects: Bildungswesen; Hochschule; Dienstleistungsqualität; Einkommen; Einkommensverteilung; Texas
    Scope: 57 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen
  17. Capital intensity and US country population growth during the late nineteenth century
    Author: Abrams, Burton A.; Li, Jing; Mulligan, James G.
    Published: 2012
    Publisher:  Univ. of Delaware, Dep. of Economics, Alfred Lerner College of Business & Economics, Newark, Del.

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / University of Delaware, Department of Economics ; 2012,02
    Scope: Online-Ressource (20 S.), graph. Darst.
  18. The competitiveness of global port-cities
    the case of Danube Axis (Bratislava, Štúrovo, Komárno – Slovak Republic)
    Author: Bossche, Marten van den; Merk, Olaf; Li, Jing
    Published: 2013
    Publisher:  OECD, Paris

    This working paper offers an evaluation of the performance of the inland ports of the Slovak Republic within the framework of the Danube Axis, an analysis of the impact of the ports on their territory and an assessment of policies in this field. It... more

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    This working paper offers an evaluation of the performance of the inland ports of the Slovak Republic within the framework of the Danube Axis, an analysis of the impact of the ports on their territory and an assessment of policies in this field. It examines port performance over the last decades and identifies the principal factors that have contributed to it. The effect of the port on economic and environmental questions is studied and quantified where possible. The major policies governing the ports are assessed, along with policies governing transport and economic development, the environment and spatial planning. Based on the report’s findings, recommendations are proposed with a view to improving port performance and increasing the positive effects of the inland ports of Slovak Republic.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English; Slovak
    Media type: Book
    Format: Online
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    Series: OECD regional development working papers ; 2013/14
    Subjects: Binnenhafen; Interregionaler Handel; Verkehrspolitik; Regionales Wachstum; Regionalentwicklung; Internationaler Wettbewerb; Slowakei; Urban, Rural and Regional Development; Slovak Republic
    Scope: Online-Ressource (106 S.), graph. Darst., Kt.
    Notes:

    Text in engl. und slowakischer Sprache
  19. The competitiveness of global port-cities
    the case of Hong Kong – China
    Author: Merk, Olaf; Li, Jing
    Published: 2013
    Publisher:  OECD, Paris

    This working paper offers an evaluation of the performance of the port of Hong Kong, an analysis of the impact of the port on the territory and an assessment of policies in this field. It examines port performance over the last decades and identifies... more

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    This working paper offers an evaluation of the performance of the port of Hong Kong, an analysis of the impact of the port on the territory and an assessment of policies in this field. It examines port performance over the last decades and identifies the principal factors that have contributed to it. The effect of the port on economic and environmental questions is studied and quantified where possible. The major policies governing the port are assessed, along with policies governing transport and economic development, the environment and spatial planning. Based on the report’s findings, recommendations are proposed with a view to improving port performance and increasing the positive effects of the port of Hong Kong.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: OECD regional development working papers ; 2013/16
    Subjects: Megastadt; Hafen; Stadtwachstum; Interregionaler Handel; Verkehrspolitik; Regionales Wachstum; Regionalentwicklung; Internationaler Wettbewerb; Hongkong; Urban, Rural and Regional Development; China, People’s Republic
    Scope: Online-Ressource (53 S.), graph. Darst.
  20. Heterogeneous paths through college
    detailed patterns and relationships with graduation and earnings
    Author: Andrews, Rodney; Li, Jing; Lovenheim, Michael F.
    Published: 2014

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (19935)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 19935
    Subjects: Studierende; Schulauswahl; Bildungsabschluss; Bildungsertrag; Schätzung; Texas
    Scope: 47 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen
  21. Food insecurity and food access
    Author: Bonanno, Alessandro; Li, Jing
    Published: 2012
    Publisher:  Univ. of Wisconsin-Madison, Inst. for Research on Poverty, Madison, Wis.

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: IRP discussion paper ; 1399-12
    Scope: Online-Ressource (48 S.)
  22. Housing policies in Hong Kong, China and the People's Republic of China
    Author: Li, Jing
    Published: April 2016
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong... more

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    This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property development model, which involves close collaboration between the government and property developers in compact urban areas, while leaving most greenbelts and surrounding islands underdeveloped. Although the PRC has pledged to maintain a minimum level of basic farmland to feed its large population, this target has often been compromised due to local governments' fiscal constraints and growth concerns. The targets and outcomes of housing policies in both markets are in line with their social welfare systems. Hong Kong, China favors the elderly and the poor, thus housing policies tend to support the lower-income band. The PRC focuses on the young and the rich; hence, most regulative housing policies for the higher-income band have turned out to be unsuccessful. Hong Kong, China also aims to assist public housing tenants to become private homeowners, but its policies help provide housing subsidies, a less effective measure to access owner-occupied housing. On the contrary, the success of Housing Provident Fund in providing mortgage interest rate reduction, which is a more effective measure to access owner-occupied housing, accounts for the high homeownership rate in the PRC.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/161442
    Series: ADBI working paper series ; no. 566
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  23. Cointegration of matched home purchases and rental price indexes
    evidence from Sinpagore
    Author: Baltagi, Badi H.; Li, Jing
    Published: 2015
    Publisher:  CESifo, München

    This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time... more

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    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present value relationship in the housing market. Three key findings are obtained. First, we fail to establish a cointegrating relationship between the home purchase price and rental price based on nationally estimated indexes. Second, area-specific indexes demonstrate strong cross-correlations, invalidating the use of first generation panel unit root tests that ignore these cross-correlations. Third, Pesaran’s CIPS test indicates that the unit root hypothesis is rejected for the first difference of both indexes. We also do not reject the hypothesis that area-specific home purchases and rental price indexes are cointegrated with a cointegrating vector (1,-1).

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/123192
    Series: Array ; 5559
    Scope: Online-Ressource (36 S.), graph. Darst.
  24. Cointegration of matched home purchases and rental price indexes
    evidence from Singapore
    Author: Baltagi, Badi H.; Li, Jing
    Published: August 11th, 2014
    Publisher:  European Regional Science Association, [Louvain-la-Neuve]

    This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DSM 35
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    This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present value relationship in the housing market. Three key findings are obtained. First, we fail to establish a cointegrating relationship between the home purchase price and rental price based on nationally estimated indexes. Second, area-specific indexes demonstrate strong cross-correlations, invalidating the use of first generation panel unit root tests that ignore these cross-correlations. Third, Pesaran's CIPS test indicates that the unit root hypothesis is rejected for the first difference of both indexes. We also do not reject the hypothesis that home purchases and rental price indexes are cointegrated with a cointegrating vector (1,-1).

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/124657
    Series: World renaissance : changing roles for people and places : programme and list of participations : ERSA 55th Congress : in conjunction with the 21th APDR Congress : 25-28 August 2015 - Lisbon, Portugal / Regional Science Association International; Lisbon School of Economics & Management, Universidade de Lisboa; Associação Portuguesa papa o Desenvolvimento Regional
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  25. The effect of secondary markets on equity-linked life insurance with surrender guarantees
    Author: Hilpert, Christian; Li, Jing; Szimayer, Alexander
    Published: 2011
    Publisher:  Graduate School of Economics, Bonn

    We study the effect of secondary markets on equity-linked life insurance contracts with surrender guarantees. The policyholders are assumed to be boundedly rational in giving up their contracts, and a proportion of policyholders will access the... more

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    We study the effect of secondary markets on equity-linked life insurance contracts with surrender guarantees. The policyholders are assumed to be boundedly rational in giving up their contracts, and a proportion of policyholders will access the secondary markets instead of surrendering the contracts to the insurance company. We formulate the valuation problems from both the insurance company's and the policyholders' perspectives and characterize the contract values by deriving the respective pricing PDEs. Comparative statics are derived indicating the effect of the level of the policyholder's rationality and secondary market characteristics such as accessibility and competition on the contract values. The pricing PDEs are solved numerically via the Crank-Nicolson scheme to study the implication of the inclusion of a secondary market. We show that a secondary market generally increases the risk borne by the insurance company and the policyholders profit from the secondary market only when the secondary market is sufficiently competitive. Furthermore, we derive the necessary condition for the existence of a fair contract in this context and study the effect of the secondary market on fair contract design.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/74647
    Series: Bonn econ discussion papers ; 11/2011
    Scope: Online-Ressouce, graph. Darst.