Ruin probabilities in models of resource management and insurance: a synthesis

DOI10.1111/IJET.12052MaRDI QIDQ4584743zbMATH OpenOpenAlexFDO

Authors Rabi Bhattacharya, Mukul Majumdar

Publication date 4 September 2018

Published in International Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/ijet.12052

zbMATH Keywords

convergence ratesheavy tailsinsuranceinvariant distributionslight tailsLindley-Spitzer processLundberg boundrenewable resourceruin probabilitiesSparre Andersen modelsustainable consumption

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Applications of renewal theory (reliability, demand theory, etc.) (60K10) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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Cited in

(3)

• Quantumness and memory of one qubit in a dissipative cavity under classical control
• Problems of ruin and survival in economics: applications of limit theorems in probability
• On stochastic model of common property resource economy and ruin probability

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