Chapter 1 analyzes hybrid-trigger CAT bonds, a new CAT bond deal that can reduce basis risk and eliminate moral hazard … that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent …

, it is significantly higher for bond transactions. The loss share and the asset pool quality strongly affect the rating … „Quantitative Economics and Finance“ an der Universität Konstanz erstellt wurden. Die ersten drei Papiere behandeln die Verbriefung … Verbriefungstransaktionen sind sogenannte collateralized debt obligations, kurz CDOs, die sich auf das Kreditrisiko von Portfolios bestehend aus …

response could be taken, as for example mitigation and insurance. This doctoral thesis focuses on the relation between the … insurance and the mitigation approach. It studies the impact of insurance instruments on mitigation of climate change. The main …

allows them to extend to consumers individually adjusted fair insurance offers. In a market which is characterized by … for the analysis in this thesis. Its purpose is to study the incentives of the agents in the car insurance market … in terms of the design of contracts and to the policy maker in terms of regulating the insurance market. After a short …

Diese Dissertation besteht aus drei eigenständigen theoretischen Aufsätzen, in denen das Kreditrisiko von Firmen, die …