Applied Mathematics

Volume 9, Issue 12 (December 2018)

ISSN Print: 2152-7385   ISSN Online: 2152-7393

Google-based Impact Factor: 0.58  Citations  

An Extension of One-Period Nash Equilibrium Model in Non-Life Insurance Markets

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DOI: 10.4236/am.2018.912087    645 Downloads   1,637 Views  Citations

ABSTRACT

This paper deals with an extension of the one-period model in non-life insurance markets (cf. [1]) by using a transition probability matrix depending on some economic factors. We introduce a multi-period model and in each period the solvency constraints will be updated. Moreover, the model has the inactive state including some uninsured population. Similar results on the existence of premium equilibrium and sensitivity analysis for this model are presented and illustrated by numerical results.

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Battulga, G. , Altangerel, L. and Battur, G. (2018) An Extension of One-Period Nash Equilibrium Model in Non-Life Insurance Markets. Applied Mathematics, 9, 1339-1350. doi: 10.4236/am.2018.912087.

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