A mutual insurance firm is a firm whose stockholders are the bearers of the insurance contracts. Insurance is then viewed as a collective (pooled) process of persons paying a fixed (or variable, contingent) amount monthly (the premium) and seeking protection against claims that may occur to any...

[fre] Investissements, utilisation de capacité productive et dépréciation: politiques optimales. . En appliquant la théorie de commande optimale à un modèle dynamique de l'entreprise, il est possible de déterminer les politiques optimales en matière d'investissements, d'utilisation de...

Self-serving altruistic domestic consumption arises when foreign consumption contributes to the domestic utility of consumption. This is particularly the case when consumption saturated economies with excess capacities vie to increase their employment and expand their foreign trade to maintain...

This paper is intended as a pedagogical note to explain CDO and structured financial credit products modeling and some approaches to their pricing. The authors thank the NYU-Polytechnic Institute for the research support through the department of Finance and Risk Engineering and the Topfer Chair

Building up a supply capacity to meet future and uncertain demands for products is a strategic issue which is both costly and dealt with in numerous approaches. For example, oil and gas contracts, as well as production of fashion goods or production for peak demands (as they recur at Christmas...

Managing risk and safety consists in defining, measuring, estimating, analyzing, valuing-pricing and integrating all facets of risk and their safety-consequential effects (real or not, external, internally induced or use dependent) into a whole system which can contribute to their design,...

This paper considers an energy-pollution economic problem which uses a stochastic queue framework. This approach is shown to establish a link between a firm's energy consuming economic activity and its effects on the pollution that it generates as a function of its activity. An economic model is...

This paper considers a wealth heterogeneous multi-agent financial pricing CCAPM model and the effects of economic inequalities on agents consumption pricing. It is based on the following observations: (a) A distinction between what agents are willing to pay for consumption and what they actually...

Quality claims and quality in fact of financial and industrial products as well as financial and business services are essential to entice and attract customers. For these reasons, firms are often tempted to assert claims that might or might not be met. These claims have risks which cannot...