In this paper, we explore the optimal price, default ratio, and capital for insurance companies under social welfare maximization from regulators' perspective. By comparing cases under symmetric and asymmetric information in the insurance market, we find that an optimal regulatory objective...

This article analyzes a commonly used pricing practice, which we call quot;buffet pricing,quot; in which for a fixed entry fee consumers can consume an unlimited quantity during a specified period of time. When consumers are homogeneous in preferences, this form of pricing can be more profitable...