PL EN


2008 | 18 | 69-81
Article title

STATIONARY PROPERTIES OF EXTREME BONUS-MALUS SYSTEMS FAIR BY TRANSITION RULES

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Languages of publication
EN
Abstracts
EN
The purpose of this paper is to present stationary properties of four 'extreme' cases of bonus-malus systems fair by transition rules, characterized by rules of maximum/minimum advancement and maximum/minimum fall in each class. General formulae for the stationary distributions and mean stationary premiums for these systems are derived. Also the first attempt to define the impact of a change in the number of classes on the values of mean stationary premium has been made.
Year
Volume
18
Pages
69-81
Physical description
Document type
ARTICLE
Contributors
  • Malgorzata Niemiec, Szkola Gl√≥wna Handlowa w Warszawie, Instytut Ekonometrii, al. Niepodleglosci 164, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA061623
YADDA identifier
bwmeta1.element.a08c22de-9a62-3bb5-af4a-d5bf59197eac
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