On effects of asymmetric information on non-life insurance prices under competition
by Hansjörg Albrecher; Daily-Amir Dalit
International Journal of Data Analysis Techniques and Strategies (IJDATS), Vol. 9, No. 4, 2017

Abstract: We extend a game-theoretic model of Dutang et al. (2013) for non-life insurance pricing under competition among insurance companies and investigate the effects of asymmetric information on the equilibrium premium. We study Bayesian Nash equilibria as well as Bayesian Stackelberg equilibria and illustrate the sensitivity of equilibrium prices to various forms and magnitudes of information asymmetry through some numerical examples.

Online publication date: Tue, 05-Dec-2017

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