Dividends: From refracting to ratcheting
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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… read more here.
Keywords: risk; refracting ratcheting; dividends refracting; case ... See more keywords