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Risk Sharing for Individual Risks
SSRN Electronic Journal, 2014Motivated by reinsurance applications, we consider an optimal risk sharing problem for individual risks. In a framework where the market participants’ preferences are according to the sub-additive and law-invariant risk measures, first we characterize the optimal individual risk sharing allocations. Then, we introduce a Choquet risk measure, associated
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Cancer risk among World Trade Center rescue and recovery workers: A review
Ca-A Cancer Journal for Clinicians, 2022Paolo Boffetta +2 more
exaly
Risk Sharing and Layoff Risk in Profit Sharing
Philippine Review of Economics, 1995We show that if the employer is risk averse, however slightly, there is always a profit sharing contract that will Pareto-dominate the spot wage contract in the sense of pure risk sharing. The smaller is the employer risk aversion, the narrower is the room for profit sharing.
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