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Published in 2018 at "Insurance: Mathematics and Economics"
DOI: 10.1016/j.insmatheco.2018.09.003
Abstract: Abstract In this paper we consider an alternative dividend payment strategy in risk theory, where the dividend rate can never decrease. This addresses a concern that has often been raised in connection with the practical…
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Keywords:
risk;
refracting ratcheting;
dividends refracting;
case ... See more keywords