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Flåm, Sjur D. - 2002

Exchange of risks is considered here as a transferable-utility cooperative game. When the concerned agents are risk averse, there is a core imputation given by means of shadow prices on state-dependent claims. Like in finance, a risk can hardly be evaluated merely by its inherent statistical...

Persistent link: https://www.econbiz.de/10011409137

Bargaining for Over-the-Counter Risk Redistributions : The Case of Longevity Risk

Boonen, Tim J. - 2017

Existing literature regarding the natural hedge potential that arises from combining liabilities with different sensitivities focuses on the optimal liability mix, but does not address the question whether and how changes in the liability mix can be obtained. In the absence of a well-functioning...

Persistent link: https://www.econbiz.de/10012974804

Pooling, pricing and trading of risks

Flåm, Sjur D. - 2002

Persistent link: https://www.econbiz.de/10001664975

Climate Coalition Formation Under Uncertainty and the Power of Information Design1

Vosooghi, Sareh - 2022

I examine climate coalition formation in a public-good game of emission abatement under uncertainty and characterise … the stable coalition structure and the unique number of free riders at each expected value of the social benefit of the …. This result resolves the small-coalition paradox in the literature on stochastic International Environmental Agreements …

Persistent link: https://www.econbiz.de/10014076322

The fatter the tail, the fatter the climate agreement : simulating the influence of fat tails in climate change damages on the success of international climate negotiations

Dekker, Thijs; Dellink, Rob; Ketterer, Janina - 2013

International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change are very large. In this paper, we examine the influence of increasing the probability and impact of large climate change damages, also known as the 'fat tail', on the formation...

Persistent link: https://www.econbiz.de/10009690831