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Risk sharing with Lambda value at risk

SSRN Electronic Journal, 2023
In this paper, we study the risk-sharing problem among multiple agents using lambda value at risk ([Formula: see text]) as their preferences via the tool of inf-convolution, where [Formula: see text] is an extension of value at risk ([Formula: see text]).
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Risk-Sharing Networks [PDF]

open access: possibleJournal of Economic Behavior & Organization, 2005
This paper considers the formation of risk-sharing networks. Following empirical findings, we build a model where risk-sharing takes place between pairs of individuals. We ask what structures emerge when pairs can agree to form links, but people cannot coordinate links across a population.
Yann Bramoullé, Rachel Kranon
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