تقاضای بیمه و سرمایه ریسک حداکثرسازی رفاه: برخی از نکات برای تنظیم کننده در مورد تنظیمات نمایی و ادعاهای نمایی

We propose two models to analyze welfare-maximizing capital requirements for insurance companies considering that capital is costly and therefore affecting the premium. Within a continuous-time model, we derive insurance demand and welfare as a function of personal wealth, the insurance company’s wealth, and the claims process, and compare them to their counterparts in a static model. Besides discussing welfare-maximizing capital, we provide some new insights on insurance demand.