Mao, Hong; Ostaszewski, Krzysztof M. - In: European journal of management and business economics : … 32 (2023) 4, pp. 395-416
Purpose The authors consider the mutual benefits of the ceding company and reinsurance company in the design of reinsurance contracts. Two objective functions to maximize social expected utilities are established, which are to maximize the sum of the expected utilities of both the ceding company...
