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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
Insurance and Insurance Markets
229
Harrington and Yu (2003) conduct extensive unit root tests of the series typically
analyzed in underwriting cycle research, presenting evidence largely consistent with
stationarity (absence of a unit root). In contrast, Leng (2006) presents evidence that
combined ratios are nonstationary and subject to structural breaks.
43
Jawad et al. (2009)
provide evidence that premiums are cointegrated with interest rates using nonlinear
cointegration techniques. Lazar and Denuit (2012) analyze the dynamic relationship
between U.S. property-casualty premiums, losses, GDP, and interest rates using both
single equation and ...
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Publisher Resources

ISBN: 9780444536853