The Effects of Great Earthquakes on the Premiums for Earthquake Insurance in Japan: A Bayesian Approach

Wirtschaftsuniversität Wien, Departments 2 D2.0.34215.01.2018, 17:00

Art Vortrag/Diskussion
Vortragende/rDr. Kazuhiko Kakamu
Veranstalter FI Supply Chain Management
Kontakt sekretariat.itl@wu.ac.at

Lecture series of the Rese­arch Insti­tute for Supply Chain Manage­ment

In this talk Dr. Kakamu discusses his rese­arch: The paper examines the effects of the great eart­h­quake on the premiums for eart­h­quake insurance from a Baye­sian point of view. Using the latent variable tech­nique, we construct a linear regres­sion model, which incor­po­rates the changes in the parti­ci­pa­tion beha­vior as para­me­ters to iden­tify the regions (prefec­tures) where the changes occurred. With three periods panel data­sets in Japan, we examined the diffe­rence and simi­la­rity between Great Hanshin Eart­h­quake in 1995 and Great East Japan Eart­h­quake in 2011. Empi­rical results show that the diffe­rence and simi­la­rity in these two eart­h­quakes and spatial pheno­mena can be observed.

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