Imperial College London
Alternate

ProfessorRustamIbragimov

Business School

Professor of Finance and Econometrics
 
 
 
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Contact

 

+44 (0)20 7594 9344i.rustam Website CV

 
 
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Location

 

40953 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Ibragimov:2018:rof/rfw073,
author = {Ibragimov, R and Jaffee, D and Walden, J},
doi = {rof/rfw073},
journal = {Review of Finance},
pages = {595--632},
title = {Equilibrium with monoline and multiline structures},
url = {http://dx.doi.org/10.1093/rof/rfw073},
volume = {22},
year = {2018}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - We study a competitive market for risk-sharing, in which risk-tolerant providers of risk protection, who face frictional costs in holding capital, offer coverage over a range of risk classes to risk-averse agents. We distinguish monoline and multiline industry structures and characterize when each structure is optimal. Markets for which the risks are limited in number, asymmetric or correlated will be served by monoline structures, whereas markets characterized by a large number of essentially independent risks will be served by many multiline firms. Our results are consistent with observed structures within insurance, and also have general implications for the financial services industry.
AU  - Ibragimov,R
AU  - Jaffee,D
AU  - Walden,J
DO  - rof/rfw073
EP  - 632
PY  - 2018///
SN  - 1573-692X
SP  - 595
TI  - Equilibrium with monoline and multiline structures
T2  - Review of Finance
UR  - http://dx.doi.org/10.1093/rof/rfw073
UR  - http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000428750300006&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
UR  - http://hdl.handle.net/10044/1/66641
VL  - 22
ER  -
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