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Axiomatic Characterization of Insurance Prices
premiums that would have been charged if an individual insurer were acting alone without competition ... (buyers and sellers). Under this argument, individual insurers are not price-makers, but price-takers ...- Authors: Harry H Panjer, Virginia Ruth Young, Shaun Wang
- Date: Jan 1997
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Economics>Financial economics; Modeling & Statistical Methods