This paper investigates the ultimate ruin probability of a discrete time risk model with a positive constant interest rate. Under the assumption that the gross loss of the company within one year is subexponentially distributed, a simple asymptotic relation for the ruin probability is derived and compared to existing results.

A risk model of a joint business (insurer/re-insurer) is studied in the Large Deviations (LD) regime. In the model considered, the premium paid by the insurer to the re-insurer changes if the insurer’s capital falls below a certain level P . An optimal premium arrangement for the both business participants is investigated. By a proper choice of parameters involved, it is possible to increase th...

Did regulatory reforms that lowered barriers to competition among U.S. banks increase or decrease the degree to which banks manage the information that they disclose to the public and regulators? We find that relaxing regulatory impediments to competition reduced discretionary loan loss provisioning and the frequency with which banks restate financial statements. The results suggest that compet...

private retirement savings programs reThis study examines the tax-favored results in the largest single category of tax tirement savings behavior of non-self-emexpenditures in the budget, both before ployed households. Our estimates suggest and after TRA 86. Previously, the U.S. that perceptions of the household's marTreasury (1986) had estimated 59.2 bilginal tax rate are of limited importance...

This paper examines banks’ disclosures and loss recognition in the 2007–2009 financial crisis identifies several core issues for link between accounting stability. We show that, going into crisis, about relevant risk exposures were relatively sparse. Such came later after major concerns had arisen markets. The of loan losses also was slow delayed relative to prevailing market expectations. Amon...

BACKGROUND Health insurers worldwide implement financial incentive schemes to encourage health-related behaviours, including to facilitate weight loss. The maintenance of weight loss is a public health challenge, and as non-communicable diseases become more prevalent with increasing age, mid-older adults could benefit from programs which motivate weight loss maintenance. However, little is unde...