TY - GEN
T1 - Optimal form & deadline for paying insurance agents their commission
AU - Luo, Kaiping
PY - 2010
Y1 - 2010
N2 - In view of this question, whether lengthening the deadline of commission payment can effectively restrict the occurrence of myopia action of the insurance agent, a long-term principal-agent model and a model of the best deadline of commission payment are established. It's proved that the optimal insurance contract must have the part of fixed wages. A formula for the best deadline of commission payment is given. Meanwhile the models of the reference [1], [2], and [3] are improved, and also some conclusions of those references are strengthened.
AB - In view of this question, whether lengthening the deadline of commission payment can effectively restrict the occurrence of myopia action of the insurance agent, a long-term principal-agent model and a model of the best deadline of commission payment are established. It's proved that the optimal insurance contract must have the part of fixed wages. A formula for the best deadline of commission payment is given. Meanwhile the models of the reference [1], [2], and [3] are improved, and also some conclusions of those references are strengthened.
KW - Insurance agent
KW - Insurance commission
KW - Insurance contract
KW - Principal-agent
UR - https://www.scopus.com/pages/publications/78651441824
U2 - 10.1109/FITME.2010.5654876
DO - 10.1109/FITME.2010.5654876
M3 - 会议稿件
AN - SCOPUS:78651441824
SN - 9781424490882
T3 - 2010 International Conference on Future Information Technology and Management Engineering, FITME 2010
SP - 115
EP - 118
BT - 2010 International Conference on Future Information Technology and Management Engineering, FITME 2010
T2 - 2010 International Conference on Future Information Technology and Management Engineering, FITME 2010
Y2 - 9 October 2010 through 10 October 2010
ER -