• DocumentCode
    535854
  • Title

    Optimal form & deadline for paying insurance agents their commission

  • Author

    Luo, Kaiping

  • Author_Institution
    Sch. of Econ. & Manage., Beijing Univ. of Aeronaut. & Astronaut., Beijing, China
  • Volume
    2
  • fYear
    2010
  • fDate
    9-10 Oct. 2010
  • Firstpage
    115
  • Lastpage
    118
  • Abstract
    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 and are improved, and also some conclusions of those references are strengthened.
  • Keywords
    insurance; commission payment; deadline; insurance agent payment; long-term principal-agent model; myopia action; optimal form; optimal insurance contract; Biological system modeling; Economics; Educational institutions; insurance agent; insurance commission; insurance contract; principal-agent;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Future Information Technology and Management Engineering (FITME), 2010 International Conference on
  • Conference_Location
    Changzhou
  • Print_ISBN
    978-1-4244-9087-5
  • Type

    conf

  • DOI
    10.1109/FITME.2010.5654876
  • Filename
    5654876