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Essays in the theory of risk-bearing
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The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
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Remedies for information asymmetry in online transaction: An investigation into the impact of web page signals on auction outcome
TL;DR: To understand how the signals affect consumers' online buying decisions, the study intends to test the impacts of these signals on the auction outcome variables: number of bids, auction success, and willingness to pay.
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Individual savings accounts for social insurance: rationale and alternative designs
TL;DR: This paper found that about three-fourths of the taxes levied to finance public transfers actually finance benefits that redistribute income over the life cycle of individual taxpayers rather than redistribute resources across people.
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Individual Post-Retirement Longevity Risk Management Under Systematic Mortality Risk
TL;DR: In this paper, a complete-markets discrete state model and multi-period simulations of portfolio strategies are used to assess individual longevity insurance product portfolios with differing levels of systematic and idiosyncratic longevity risk.
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Explicit Versus Implicit Income Insurance
TL;DR: This paper found that annual consumption variation is reduced by almost 20 percent due to explicit and implicit income smoothing, and that implicit consumption insurance is as important economically as private health or automobile insurance.
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Managed investments, managed disclosures: financial services reform in practice
TL;DR: In this article, the authors analyse institutional responses to the introduction of the Australian law governing financial services, which requires investment managers to report to what extent social considerations are employed in portfolio construction, using the principal-agent framework as an interpretive backdrop.