A Constrained Profit Maximization Model For a Multi-Line Property/Liability Company [Review of Paper]

At last, a paper applying microeconomic theory to the insurance industry! Mr. Brubaker's paper is extremely basic, and I wish he had carried his thought process further The result is a model which needs a great deal of additional work and refinement before it can even begin to approach reality Still, this is the first paper I recall in our Proceedings which applies economic theory to the insurance industry For that we owe Mr. Brubaker a great deal of gratitude, and we can only hope that many others will take the cue and expand upon this work