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

• Authors: Niemiec Malgorzata
• 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.

Keywords

EN

BONUS-MALUS SYSTEM; MEAN STATIONARY PREMIUM; STATIONARY DISTRIBUTION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Warsaw School of Economics, Collegium of Economic Analysis
• Journal: Roczniki Kolegium Analiz Ekonomicznych
• Year: 2008
• Volume: 18
• Pages: 69-81
• Document type: ARTICLE

Contributors

author

Niemiec Malgorzata

• Malgorzata Niemiec, Szkola Glówna Handlowa w Warszawie, Instytut Ekonometrii, al. Niepodleglosci 164, 02-554 Warszawa, Poland

Identifiers

CEJSH db identifier

09PLAAAA061623