{"product_id":"hybrid-pension-schemes-risk-allocation-and-asset-liability-optimization-von-roger-baumann","title":"Hybrid Pension Schemes","description":"\u003cp\u003eThe thesis' focus is on risks aspects evolving from a defined contribution pension plan including a guarantee (or quasi-guarantee). In general the guarantee is assumed to be higher than the riskless yield. From this incomplete market setting evolves a non-hedgeable shortfall risk. The thesis considers in different continuous-time settings the risk allocation between the plan sponsor and the employee and analyzes the investment strategy of the plan sponsor.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838101415\"\u003e\u003ch3\u003eRisk Allocation and Asset Liability Optimization\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783838101415","offer_id":39427140288605,"sku":"9783838101415","price":79.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/baf264aa-ef73-403c-89ce-10a6aed2fc37.jpg?v=1776056612","url":"https:\/\/shop.autorenwelt.de\/en\/products\/hybrid-pension-schemes-risk-allocation-and-asset-liability-optimization-von-roger-baumann","provider":"Autorenwelt Shop","version":"1.0","type":"link"}