On the tradeoff between the law of large numbers and oligopoly in insurance

DOI10.1016/S0167-6687(98)00024-9zbMath0912.62115MaRDI QIDQ1277808

Michael R. Powers, Martin Shubik

Publication date: 11 April 1999

Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)

zbMATH Keywords

law of large numbersoligopolyinsurance market games

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Strong limit theorems (60F15) Other game-theoretic models (91A40)

Related Items (8)

On a Markovian game model for competitive insurance pricing ⋮ POTENTIAL GAMES WITH AGGREGATION IN NON-COOPERATIVE GENERAL INSURANCE MARKETS ⋮ Comparative advantage with many goods: new treatment and results ⋮ Noncooperative dynamic games for general insurance markets ⋮ Effects of Competition on Insurance Contract Formation ⋮ Toward a theory of reinsurance and retrocession ⋮ Insurance market games: Scale effects and public policy ⋮ Competition among non-life insurers under solvency constraints: a game-theoretic approach

Cites Work

• Unnamed Item
• Two-person insurance negotiation
• A theory of money and financial institutions. 28. The noncooperative equilibria of a closed trading economy with market supply and bidding strategles
• Insurance market games: Scale effects and public policy
• A theory of risk, return and solvency
• A strategic market game with price and quantity strategies
• Price-Quantity Strategic Market Games
• Equilibrium in a Reinsurance Market

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