Please use this identifier to cite or link to this item: http://cris.teiep.gr/jspui/handle/123456789/1334
Title: The risks of bankruptcy in insurance companies. Stochastic stability and favorable games.
Authors: 
Keywords: Μαθηματική οικονομία
Issue Date: 17-Jan-2000
Publisher: University of Piraeus Volume of essays in Honor of Professor M. Raphael (1997-1999), 2000
Abstract: Abstract In this paper we make an analysis of the risks of Bankruptcy in Insurance Companies for example due to an over-accumulation of accidents. We apply the methods of stochastic differential equations and stochastic stability of dynamical systems .We make use of popular models of aggregate investment and growth in Insurance Companies based on the geometric Brownian motion .We extract a theorem that gives necessary and sufficient conditions of Bankruptcy . The result has a relevancy with situations met in the theory of games. It is given a strategic management interpretation of the Bankruptcy theorem .
URI: http://cris.teiep.gr/jspui/handle/123456789/1334
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