{"id":"https://openalex.org/W4389166459","doi":"https://doi.org/10.1016/j.insmatheco.2023.11.006","title":"A Multi-Agent Incomplete Equilibrium Model and Its Applications to Reinsurance Pricing and Life-Cycle Investment","display_name":"A Multi-Agent Incomplete Equilibrium Model and Its Applications to Reinsurance Pricing and Life-Cycle Investment","publication_year":2022,"publication_date":"2022-01-01","ids":{"openalex":"https://openalex.org/W4389166459","doi":"https://doi.org/10.1016/j.insmatheco.2023.11.006"},"language":"en","primary_location":{"id":"doi:10.1016/j.insmatheco.2023.11.006","doi":"https://doi.org/10.1016/j.insmatheco.2023.11.006","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.insmatheco.2023.11.006","pdf_url":null,"source":{"id":"https://openalex.org/S198325475","display_name":"Insurance Mathematics and Economics","issn_l":"0167-6687","issn":["0167-6687","1873-5959"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Insurance: Mathematics and Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.4301591","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5047818395","display_name":"Keisuke Kizaki","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210159520","display_name":"Mizuho (Japan)","ror":"https://ror.org/05e34ra63","country_code":"JP","type":"company","lineage":["https://openalex.org/I4210159520"]},{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":true,"raw_author_name":"Keisuke Kizaki","raw_affiliation_strings":["Life Insurance Analytics Department, Mizuho-DL Financial Technology Co., Ltd., 2-4-1 Kojimachi, Chiyoda-ku, Tokyo 102-0083, Japan","Graduate School of Economics, The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Life Insurance Analytics Department, Mizuho-DL Financial Technology Co., Ltd., 2-4-1 Kojimachi, Chiyoda-ku, Tokyo 102-0083, Japan","institution_ids":["https://openalex.org/I4210159520"]},{"raw_affiliation_string":"Graduate School of Economics, The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan","institution_ids":["https://openalex.org/I74801974"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103232130","display_name":"Taiga Saito","orcid":"https://orcid.org/0000-0002-5417-639X","observed_orcids":["https://orcid.org/0000-0002-5417-639X"]},"institutions":[{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]},{"id":"https://openalex.org/I85283370","display_name":"Senshu University","ror":"https://ror.org/03jzxkg37","country_code":"JP","type":"education","lineage":["https://openalex.org/I85283370"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Taiga Saito","raw_affiliation_strings":["School of Commerce, Senshu University, 3-8 KandaJinbocho, Chiyoda-ku, Tokyo 101-8425, Japan","Graduate School of Economics, The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Commerce, Senshu University, 3-8 KandaJinbocho, Chiyoda-ku, Tokyo 101-8425, Japan","institution_ids":["https://openalex.org/I85283370"]},{"raw_affiliation_string":"Graduate School of Economics, The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan","institution_ids":["https://openalex.org/I74801974"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5101861054","display_name":"Akihiko Takahashi","orcid":"https://orcid.org/0000-0001-5358-5311","observed_orcids":["https://orcid.org/0000-0001-5358-5311"]},"institutions":[{"id":"https://openalex.org/I74801974","display_name":"The University of Tokyo","ror":"https://ror.org/057zh3y96","country_code":"JP","type":"education","lineage":["https://openalex.org/I74801974"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Akihiko Takahashi","raw_affiliation_strings":["Graduate School of Economics, The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Graduate School of Economics, The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033, Japan","institution_ids":["https://openalex.org/I74801974"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5047818395"],"corresponding_institution_ids":["https://openalex.org/I4210159520","https://openalex.org/I74801974"],"apc_list":{"value":2870,"currency":"USD","value_usd":2870},"apc_paid":null,"fwci":0.6655,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.69723984,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"114","issue":null,"first_page":"132","last_page":"155"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.7060999870300293,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.7060999870300293,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11720","display_name":"Probability and Risk Models","score":0.14329999685287476,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.11829999834299088,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/multi-agent-model","display_name":"multi-agent model","score":0.7639999985694885},{"id":"https://openalex.org/keywords/heterogeneous-risk-aversion","display_name":"heterogeneous risk aversion","score":0.7730000019073486},{"id":"https://openalex.org/keywords/reinsurance-pricing","display_name":"reinsurance pricing","score":0.6850000023841858},{"id":"https://openalex.org/keywords/stochastic-discount-factor","display_name":"stochastic discount factor","score":0.9039999842643738},{"id":"https://openalex.org/keywords/optimal-portfolio-strategy","display_name":"optimal portfolio strategy","score":0.6570000052452087}],"concepts":[{"id":"https://openalex.org/C166970017","wikidata":"https://www.wikidata.org/wiki/Q476118","display_name":"Reinsurance","level":2,"score":0.9327017068862915},{"id":"https://openalex.org/C3020299011","wikidata":"https://www.wikidata.org/wiki/Q626608","display_name":"Life insurance","level":2,"score":0.6760632991790771},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6319674253463745},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.6048409342765808},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.5650001764297485},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5601271986961365},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4642202854156494},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4550403952598572},{"id":"https://openalex.org/C109354906","wikidata":"https://www.wikidata.org/wiki/Q6015174","display_name":"Incomplete markets","level":2,"score":0.43662720918655396},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3703870475292206},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.31892457604408264},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.2775569558143616},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.13303473591804504},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1016/j.insmatheco.2023.11.006","doi":"https://doi.org/10.1016/j.insmatheco.2023.11.006","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.insmatheco.2023.11.006","pdf_url":null,"source":{"id":"https://openalex.org/S198325475","display_name":"Insurance Mathematics and Economics","issn_l":"0167-6687","issn":["0167-6687","1873-5959"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Insurance: Mathematics and Economics","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.4301591","doi":"https://doi.org/10.2139/ssrn.4301591","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4301591","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:cfi:fseres:cf551","doi":null,"is_oa":false,"landing_page_url":"https://www.carf.e.u-tokyo.ac.jp/wp/wp-content/uploads/2022/12/F551.pdf","pdf_url":"https://www.carf.e.u-tokyo.ac.jp/wp/wp-content/uploads/2022/12/F551.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:tky:fseres:2022cf1206","doi":null,"is_oa":false,"landing_page_url":"http://www.cirje.e.u-tokyo.ac.jp/research/dp/2022/2022cf1206.pdf","pdf_url":"http://www.cirje.e.u-tokyo.ac.jp/research/dp/2022/2022cf1206.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:eee:insuma:v:114:y:2024:i:c:p:132-155","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0167668723001002","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.4301591","doi":"https://doi.org/10.2139/ssrn.4301591","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4301591","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W102245012","https://openalex.org/W1490772975","https://openalex.org/W1521738998","https://openalex.org/W1551784909","https://openalex.org/W1963798578","https://openalex.org/W1964669840","https://openalex.org/W1969726025","https://openalex.org/W1983280589","https://openalex.org/W2042775870","https://openalex.org/W2052313741","https://openalex.org/W2072514696","https://openalex.org/W2123931028","https://openalex.org/W2126604579","https://openalex.org/W2127541351","https://openalex.org/W2156345381","https://openalex.org/W2170217852","https://openalex.org/W2253894436","https://openalex.org/W2302352537","https://openalex.org/W2341161139","https://openalex.org/W2891448203","https://openalex.org/W2946324444","https://openalex.org/W2949795093","https://openalex.org/W2950347397","https://openalex.org/W3123265998","https://openalex.org/W3123594964","https://openalex.org/W3124112311","https://openalex.org/W3137630945","https://openalex.org/W3145733953","https://openalex.org/W3187102425","https://openalex.org/W4205105579","https://openalex.org/W4231581167","https://openalex.org/W4245450098","https://openalex.org/W4302567662","https://openalex.org/W4388817411","https://openalex.org/W6638432215"],"related_works":["https://openalex.org/W7113032888","https://openalex.org/W2051059710","https://openalex.org/W4403016620","https://openalex.org/W4205835211","https://openalex.org/W3004607926","https://openalex.org/W4407983687","https://openalex.org/W3121943293","https://openalex.org/W2064240724","https://openalex.org/W7155929700","https://openalex.org/W4409339348"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1}],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2023-12-01T00:00:00"}
