In this paper, we study the optimal reinsurance policies as the result of a two-person cooperative game, where both parties in the negotiation are risk averse and are trying to maximize their expected utility. We incorporate information asymmetry by assuming that the insurer and the re-insurer...

In empirical corporate finance, firm size is commonly used as an important, fundamental firm characteristic. However, no research comprehensively assesses the sensitivity of empirical results in corporate finance to different measures of firm size. This paper fills this hole by providing...

Several diagonal-based tail dependence indices have been suggested in the literature to quantify tail dependence. They have well-developed statistical inference theories but tend to underestimate tail dependence. For those problems when assessing the maximal strength of dependence is important...