Market liquidity risk refers to the degree to which large size transactions can be carried out in a timely fashion with … traders hold sufficient liquid assets to meet liquidity needs of other traders, and so bear the risk of their imbalanced … and minimizing mis-hedging risk. Moreover we also discuss delicate positions’ gamma hedging, which requires creating vega …

and Stiglitz 'model. In this case, we show that the optimal contract exhibits a deductible for the high health risk type … low health risk type. …

We study imperfect competition between insurers in a multiple-risk environment. In the absence of asymmetric …

We define a repairable asset as an irreplaceable commodity whose quality is at risk, but can be partly restored at a …