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Concept

Legal liability

Publications associées (4)

Einsatz von Nichtmarktstrategien durch oeffentliche Unternehmen gegenueber dem Staat : Untersuchung am Beispiel der Schweizerischen Post AG

Carole Juliane Isabelle Rentsch

Public enterprises operate in the area between the opposing poles of state and market. On the one hand they must meet a wide range of political expectations, and on the other they must fulfil commercial efficiency criteria. This dissertation addresses how ...

EPFL2017

Uniqueness of equilibrium in a payment system with liquidation costs

Damir Filipovic, Léo Hamed Amini

We study a financial network where forced liquidations of an illiquid asset have a negative impact on its price, thus reinforcing network contagion. We give conditions for uniqueness of the clearing asset price and liability payments. Our main result holds ...

Elsevier Science Bv2016

Optimal Investment and Premium Policies Under Risk Shifting and Solvency Regulation

Damir Filipovic

Limited liability creates an incentive for insurers to increase the risk of the assets and liabilities at the expense of policyholders. We show that solvency capital requirements restrict the set of feasible investment and premium policies and can thereby ...

Wiley-Blackwell2015

Market Consistent Pricing of Insurance Products

Semyon Malamud

We present the ﬁrst step in a program to develop a comprehen- sive, uniﬁed equilibrium theory of asset and liability pricing. We give a mathematical framework for pricing insurance products in a multiperiod ﬁnancial market. This framework reﬂects classical ...

2008