This paper uses a unique natural experiment in Chinese villages to investigate whether access to telecommunications- in particular, landline phones-increases the likelihood of outmigration. By using regional and time variations in the installation of landline phones, the...

This paper studies the moments and the distribution of the aggregate discounted claims (ADCs) in a Markovian environment, where the claim arrivals, claim amounts, and forces of interest (for discounting) are influenced by an underlying Markov process. Specifically, we assume that claims occur...

In this paper, we study a regime-switching risk model with a threshold dividend strategy, in which the rate for the Poisson claim arrivals and the distribution of the claim amounts are driven by an underlying (external) Markov jump process. The purpose of this paper is to study the unified...