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经济学高级研究论坛第153期
时间:2020-12-24    点击数:

讲座题目:Optimal commissions and subscriptions in mutual aid platforms

报告人:曾燕

报告时间:2020年12月26日19:00-20:30

报告地点:腾讯会议ID:511 603 992

主办单位:武汉大学经济与管理学院数理经济与数理金融系

主持人:林乾


内容摘要:This paper investigates an operation mechanism for mutual aid platforms to develop more sustainably and profitably. A mutual aid platform is an online risk-sharing platform for risk-heterogeneous participants, and the platform extracts revenues by charging commissions and subscriptions to participants. A modeling framework is proposed to identify the optimal commissions and subscriptions for mutual aid platforms. Participants are divided into different types based on their loss probabilities and values derived from the platform. We present how these commissions and subscriptions should be set in a mutual aid plan to maximize the platform’s revenues. Our analysis highlights the importance of accounting for risk heterogeneity in mutual aid platforms. Specifically, different types of participants should be charged different commissions/subscriptions depending on their loss probabilities and values on the platform. Adverse selection occurs on the platform if participants with different risks are treated equally. Our results also show that the platform’s maximum revenue will be lower if a common fee is applied to all participants. The numerical results of a practical example illustrate that the optimal commission/subscription scheme makes considerable improvements in platform revenue over the current scheme implemented by the platform.


主讲人简介 :曾燕,男,中山大学岭南学院教授、博士生导师。其主要从事金融工程、风险管理、保险精算、数字普惠金融与金融经济学等领域的研究,国家社科基金重大项目首席专家、广东省青年珠江学者、广东省自然科学基金杰出青年项目获得者、霍英东教育基金项目获得者、广东省高校“千百十工程”培养对象;主持了国家自科面上项目等10余项课题;在本领域著名期刊上发表学术论文70余篇,其中SCI/SSCI收录40篇;研究成果获得广东省哲学社科优秀成果一等奖(省级)、第七届高等学校科学研究优秀成果三等奖(部级)等。