Abstract
We give an extension of the Economic Premium Principle treated in Astin Bulletin, Volume 11 where only exponential utility functions were admitted. The case of arbitrary risk averse utility functions leads to similar quantitative results. The role of risk aversion in the treatment is essential. It also permits an easy proof for the existence of equilibrium. © 1984, International Actuarial Association. All rights reserved.
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CITATION STYLE
APA
Bühlmann, H. (1984). The general economic premium principle. ASTIN Bulletin, 14(1), 13–21. https://doi.org/10.1017/S0515036100004773
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