Zons, Michael; Kalveram, Martin - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2005
As emprical studies show, the policyholders' willingness to pay depends on the security level of the insurance cover. The choice of the security level determines the capital budgeting decision and therefore the cost of capital, as well as the attainable insurance premiums. We call this cost of...