scholarly journals Incentive Mechanism Design for Distributed Autonomous Organizations Based on the Mutual Insurance Scenario

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-16
Author(s):  
Yiguang Pan ◽  
Xiaomei Deng
Keyword(s):  
Social Relations ◽  
Large Scale ◽  
Evolutionary Dynamics ◽  
Insurance Companies ◽  
Evolutionary Trend ◽  
New Governance ◽  
Organizational Strategies ◽  
Mutual Insurance ◽  
Elimination Mechanism ◽  
The Government

The rise of blockchain has led to discussions on new governance models and the cooperation of multiple participants. Due to the cognitive defects of the blockchain protocol in terms of intelligent contracts and decentralized autonomous organizations (DAOs), it is often unclear as to how to make decisions about the evolution of blockchain applications. Many autonomous organizations, with the support of network technologies such as blockchain, blindly absorb members and expand the scale of the capital pool, while ignoring the cost advantage of traditional autonomous organizations based on social relations and mutual supervision to fight information asymmetry. In this context, this study analyzes the evolutionary trend of autonomous organizations and their members’ strategies under different policy environments. To this end, under the digital economy background, based on game theory, the evolutionary dynamics method, and the form of the mutual insurance organization, this study constructs an evolutionary dynamics model of distributed autonomous organizations. The results show that blind expansion without review aggravates the overall risk pool’s moral hazard, in the context of mutual insurance. Organizational strategies, such as risk pool splits, can effectively improve the risk pool’s operating performance and establish a benign competition elimination mechanism. Driven by cooperation efficiency and split supervision based on homogeneous clustering, the comprehensive application of the market elimination mechanism can effectively combat moral hazards, restrain the adverse effects of member flow, expand the living space of small- and medium-sized insurance organizations, curb the emergence of a large-scale monopoly risk pool, and improve market vitality. These conclusions and suggestions also apply to autonomous organizations based on social relations and mutual supervision. The results offer specific decision-making guidance and suggestions for the government, insurance companies, and risk management.

scholarly journals Research on forest insurance policy simulation in China

2019 ◽  
Vol 1 (1) ◽  
pp. 82-95
Author(s):  
Ning Ma ◽  
Can Li ◽  
Yang Zuo
Keyword(s):  
Large Scale ◽  
Forest Area ◽  
Insurance Companies ◽  
Content Type ◽  
Government Subsidies ◽  
Multi Agent ◽  
The Government ◽  
The Impact ◽  
Decision Making Rule ◽  
Forest Insurance

Purpose Forest insurance is a popular way to reduce the loss of forest disasters, so it is necessary to actively involve stakeholders. In the multi-agent simulation model, the government, insurance companies and forest farmers participate as three main stakeholders. The purpose of this paper is to mainly simulate the behavior of forest farmers under different environmental variables in order to find the important factors affecting the coverage of forest insurance, so as to improve the ability of forest farmers to resist risks in the face of disasters. Design/methodology/approach In the simulation process, the decision-making rule of a forest farmer’s purchasing behavior is a binary selection chain, which is created at random. Forest farmer agents who adapt to the environment will remain; on the contrary, those will be eliminated. The eliminated agents will renew their behavior selection chains through learning others’ successful behavior based on genetic algorithm. The multi-agent mode is set up on the Eclipse platform by using Java language. Findings The adjustment simulation experiments of insurance premium, insurance subsidy and forest area were carried out. According to the result, conclusions and suggestions are as follows: at present, government subsidies are necessary for the implementation of forest insurance; in the future, with the expansion of the insured forest area and the upgrading and large-scale operation of forest farms, forest farmers will be more willing to join forest insurance program, and, then, the implementation of forest insurance no longer requires government subsidies for forest insurance premiums. Originality/value This paper explores the impact of three important factors on the implementation of forest insurance.

A New Concept of the Public-Private Partnerships in the UK

2014 ◽  
pp. 67-75
Author(s):  
V. Varnavskii
Keyword(s):  
Large Scale ◽  
Public Investment ◽  
Waste Utilization ◽  
Public Private Partnerships ◽  
Insurance Companies ◽  
Infrastructure Development ◽  
Investment Projects ◽  
The Public ◽  
Private Finance ◽  
The Government

A new Public-Private Partnerships concept Private Finance 2 (PF2) adopted by UK government instead of the Private Finance Initiative (PFI) is analyzing. PF2 follows the Open Public Services Program according to recent changes in the economic policy. A description and evaluation of PFI concept are given. The reasons for termination of PFI are also revealed. Special attention is paid to the new problems of the Concept, as an access to lax credit, concerning the public sector as an equal co-investor, and risks reduction. The increased importance of institutional investors such as banks, funds, insurance companies, international export-import agencies is shown.The paper is partly devoted to the issues of PFI/PF2 administration in UK. The role of governing authorities in Public-Private Partnerships implementation and their standing in the government structure are disclosed and analyzed as well as their functions and outcomes of their activities. PF2 reaffirms UK government’s commitment to Public-Private Partnerships. It remains to be a predominant form of drawing private investments into infrastructure development. The British government hopes that PF2 will increase private sector interest to finance public investment projects such as schools, roads, hospitals, waste utilization and other large-scale infrastructure.

scholarly journals Challenges in the Sustainability of a Targeted Health Care Initiative in India

2012 ◽  
Vol 1 (1) ◽  
pp. 21-32 ◽  
Author(s):  
Kulbhushan Balooni ◽  
Kausik Gangopadhyay ◽  
Sudeep Turakhia ◽  
R.G. Karthik
Keyword(s):  
Health Care ◽  
Large Scale ◽  
Public Private Partnership ◽  
Insurance Companies ◽  
Private Partnership ◽  
Success Stories ◽  
Hospitalization Rates ◽  
Lack Of Information ◽  
Long Run ◽  
The Government

In this article, we raise sustainability issues in a targeted health initiative, namely the Rashtriya Swasthya Bima Yojana. This unique health insurance initiative targets the poor population to address the iniquity in healthcare in the Indian societal context. We analyze this initiative because it is a unique case of a public–private partnership in the development sector arena in India being used as an instrument for improving the health care system on a large scale. The initial success stories from this initiative include improved hospitalization rates for the targeted population, a reduction in their out-of-pocket health care spending, and a reasonable incentive encouraging the participation of insurance companies. The sustainability of this initiative, however, is threatened mainly by a lack of information, heterogeneity in access, institutional shortcomings and the long-run escalation of costs. While the government is employing a public–private partnership to implement this initiative, there is need to simultaneously use this model to augment the existing health infrastructure to make this initiative sustainable and effective.

scholarly journals Application of Machine Learning Techniques to Predict the Impact of Health Insurance on the Wellbeing of an Individual

2019 ◽  
Vol 9 (2) ◽  
pp. 3065-3070
Keyword(s):  
Machine Learning ◽  
Health Insurance ◽  
Large Scale ◽  
Insurance Industry ◽  
Financial Burden ◽  
Machine Learning Algorithms ◽  
Machine Learning Techniques ◽  
Insurance Companies ◽  
The Government ◽  
The Impact

The healthcare domain in India has suffered considerably despite the advancement in technology. Several financing schemes are endorsed by the insurance companies to lessen the financial burden faced by the government and people. Nonetheless, Health Insurance segment in India remains underdeveloped due to various complexities that it faces. This paper exploits a heuristic sampling approach combined with the ensemble Machine Learning algorithms on the large-scale insurance business data to realize the current shape of the Health Insurance industry in India. Through the courtesy of Data Mining and Data Analytics, it is plausible to furnish insights that assist the common people in acquiring closure that helps in the process of decision making.

scholarly journals Contractor Cooperation Mechanism and Evolution of the Green Supply Chain in Mega Projects

2018 ◽  
Vol 10 (11) ◽  
pp. 4306 ◽  
Author(s):  
Jianbo Zhu ◽  
Miao Fang ◽  
Qianqian Shi ◽  
Peng Wang ◽  
Qian Li
Keyword(s):  
Supply Chain ◽  
Large Scale ◽  
Evolutionary Game ◽  
Green Supply Chain ◽  
Evolutionary Trend ◽  
Opportunistic Behavior ◽  
Long Term Effects ◽  
Socioeconomic Impacts ◽  
The Government ◽  
Cooperative Relationship

The large scale of construction in mega projects leads to significant environmental and socioeconomic impacts; thus, the projects should also exhibit greater social responsibility. Adopting green supply chain management in the construction process is an important way to realize the goal of sustainable development of mega projects. Because the green supply chain behavior during construction is mainly demonstrated by contractors, it is especially important to study the evolutionary trend of their behavior. Thus, to explore the cooperative relationship among contractors, this paper considers a lengthy construction period, multi-agent participation dynamics, and opportunistic behavior—all are key features of mega projects—and establishes an evolutionary game model. Specifically, a replicator dynamic equation is used to describe the long-term effects of the contractor’s decisions. Equilibrium determinants are then analyzed and simulated. The results show that the initial probabilities of the two types of contractors (main contractor and subcontractor) demonstrating opportunistic behaviors have a significant effect on the direction of evolution of the mega project. The main contractor, who dominates the subsidy allocation by the government and project owner, should pay attention to maintaining a balance in the income distribution between him or her and the subcontractor. Additionally, there is an optimal distribution coefficient for the subsidy that minimizes the overall probability of opportunistic behavior. This paper provides a point of reference for the decisions of the main contractor and the subcontractor in the green supply chain of mega projects.

Land Use Change and Commodity Frontiers

2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Daniel M. Cáceres ◽  
Esteban Tapella ◽  
Diego A. Cabrol ◽  
Lucrecia Estigarribia
Keyword(s):  
Large Scale ◽  
Field Work ◽  
Dry Forest ◽  
Social Actors ◽  
Goods And Services ◽  
Fast Pace ◽  
Forest Use ◽  
The Government ◽  
Social Environmental ◽  
Management Recommendations

Argentina is experiencing an expansion of soya and maize cultivation that is pushing the agricultural frontier over areas formerly occupied by native Chaco forest. Subsistance farmers use this dry forest to raise goats and cattle and to obtain a broad range of goods and services. Thus, two very different and non-compatible land uses are in dispute. On the one hand subsistance farmers fostering an extensive and diversified forest use, on the other hand, large-scale producers who need to clear out the forest to sow annual crops in order to appropriate soil fertility. First, the paper looks at how these social actors perceive Chaco forest, what their interests are, and what kind of values they attach to it. Second, we analyze the social-environmental conflicts that arise among actors in order to appropriate forest’s benefits. Special attention is paid to the role played by the government in relation to: (a) how does it respond to the demands of the different sectors; and (b) how it deals with the management recommendations produced by scientists carrying out social and ecological research. To put these ideas at test we focus on a case study located in Western Córdoba (Argentina), where industrial agriculture is expanding at a fast pace, and where social actors’ interests are generating a series of disputes and conflicts. Drawing upon field work, the paper shows how power alliances between economic and political powers, use the institutional framework of the State in their own benefit, disregarding wider environmental and social costs. 

The Effect of Investments and Risk Based Capital (RBC) of Tabarru Funds on Company (Case Study of Sharia Insurance in Indonesia for 2014-2019)

2020 ◽  
Vol 8 (1) ◽  
pp. 87-97
Author(s):  
Nana Diana ◽  
Tati Apriani
Keyword(s):  
Life Insurance ◽  
Statistical Tests ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Insurance Companies ◽  
Coefficient Of Determination ◽  
Verification Method ◽  
Investment Returns ◽  
The Government

This study aims to examine the influence of investment returns and Risk Based Capital (RBC) Tabarru Funds to the profit of sharia life insurance in Indonesia from 2014-2019. This study The type of this research is quantitative research with descriptive verification as a method. This research method uses descriptive verification method with quantitative approach. The data used in this study were sourced from the financial statements of Islamic life insurance companies in Indonesia for the 2014-2019 period. Then the data obtained were analyzed using multiple linear regression analysis and hypothesis testing consisting of t test and f test with the help of SPSS 21 software. The sampling technique uses non probability sampling with purposive sampling technique. Based on the results of the study it can be seen that the development of investment returns on Sharia Life Insurance in Indonesia has fluctuated and even suffered losses. While the development of Risk Based Capital (RBC) has increased and decreased but overall above 120% as determined by the government. Likewise, the profits earned in each year fluctuate. The results of statistical tests show that investment results partially have a positive effect on profit and Risk Based Capital (RBC) of Tabarru funds partially has a negative effect on profit. Simultaneously investment return and Risk Based Capital (RBC) affect on profit. In addition, the results of the coefficient of determination (R2) were obtained which obtained a value of 81%. This shows that the variable investment returns and Risk Based Capital (RBC) can affect earnings by 81% and the remaining 19% is influenced by other variables not used in this study.

AGRICULTURAL PRODUCTION OF CA DONG PEOPLE IN RESETTLEMENT AREA OF TRANH RIVER HYDROPOWER NUMBER 2: CURRENT SITUATION AND IMPACT FACTORS

2020 ◽  
Vol 9 (2) ◽  
Author(s):  
Bùi Thị Bích Lan
Keyword(s):  
Social Relations ◽  
Agricultural Production ◽  
Large Scale ◽  
Transition Process ◽  
Impact Factors ◽  
Small Scale ◽  
Scale Production ◽  
Technical Application ◽  
Production Models ◽  
Role Of The State

In Vietnam, the construction of hydropower projects has contributed significantly in the cause of industrialization and modernization of the country. The place where hydropower projects are built is mostly inhabited by ethnic minorities - communities that rely primarily on land, a very important source of livelihood security. In the context of the lack of common productive land in resettlement areas, the orientation for agricultural production is to promote indigenous knowledge combined with increasing scientific and technical application; shifting from small-scale production practices to large-scale commodity production. However, the research results of this article show that many obstacles in the transition process are being posed such as limitations on natural resources, traditional production thinking or the suitability and effectiveness of scientific - technical application models. When agricultural production does not ensure food security, a number of implications for people’s lives are increasingly evident, such as poverty, preserving cultural identity, social relations and resource protection. Since then, it has set the role of the State in researching and building appropriate agricultural production models to exploit local strengths and ensure sustainability.

Financial and Economic Support of Innovation Processes in the Russian Fuel and Energy Complex

2019 ◽  
Vol 12 (3) ◽  
pp. 77-85
Author(s):  
L. D. Kapranova ◽  
T. V. Pogodina
Keyword(s):  
Oil Recovery ◽  
Large Scale ◽  
Oil And Gas ◽  
New Technologies ◽  
Innovative Development ◽  
Oil Reserves ◽  
Energy Complex ◽  
Innovation Activities ◽  
Substantial Investment ◽  
The Government

The subject of the research is the current state of the fuel and energy complex (FEC) that ensures generation of a significant part of the budget and the innovative development of the economy.The purpose of the research was to establish priority directions for the development of the FEC sectors based on a comprehensive analysis of their innovative and investment activities. The dynamics of investment in the fuel and energy sector are considered. It is noted that large-scale modernization of the fuel and energy complex requires substantial investment and support from the government. The results of the government programs of corporate innovative development are analyzed. The results of the research identified innovative development priorities in the power, oil, gas and coal sectors of the fuel and energy complex. The most promising areas of innovative development in the oil and gas sector are the technologies of enhanced oil recovery; the development of hard-to-recover oil reserves; the production of liquefied natural gas and its transportation. In the power sector, the prospective areas are activities aimed at improving the performance reliability of the national energy systems and the introduction of digital technologies. Based on the research findings, it is concluded that the innovation activities in the fuel and energy complex primarily include the development of new technologies, modernization of the FEC technical base; adoption of state-of-the-art methods of coal mining and oil recovery; creating favorable economic conditions for industrial extraction of hard-to-recover reserves; transition to carbon-free fuel sources and energy carriers that can reduce energy consumption and cost as well as reducing the negative FEC impact on the environment.

TO THE PROBLEMS OF COMBATING CORRUPTION IN MODERN RUSSIA AND INTERNATIONAL COOPERATION IN THE FIELD OF ANTI-CORRUPTION

2020 ◽  
Author(s):  
Angela Dranishnikova
Keyword(s):  
Large Scale ◽  
The State ◽  
Point Of View ◽  
Modern Life ◽  
Existing Problems ◽  
Moral Point ◽  
Material Goods ◽  
The Russian Federation ◽  
The Difference ◽  
The Government

In the article, the author reflects the existing problems of the fight against corruption in the Russian Federation. He focuses on the opacity of the work of state bodies, leading to an increase in bribery and corruption. The topic we have chosen is socially exciting in our days, since its significance is growing on a large scale at all levels of the investigated aspect of our modern life. Democratic institutions are being jeopardized, the difference in the position of social strata of society in society’s access to material goods is growing, and the state of society is suffering from the moral point of view, citizens are losing confidence in the government, and in the top officials of the state.

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