search query: @author Winton, A. / total: 5
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| Author: | Gron, A. Winton, A. |
| Title: | Risk overhang and market behavior |
| Journal: | Journal of Business
2001 : OCT, VOL. 74:4, p. 591-612 |
| Index terms: | INSURANCE MARKET CONDITIONS RISK |
| Language: | eng |
| Abstract: | The authors show that exposure from past business transactions - risk overhang - can reduce activity in related business lines, sometimes to the point where no new trade occurs. The authors' primary focus is the nonlife-insurance market, where their model predicts that the relative impact, duration and character of supply disruptions are related to the extent of overhang. |
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