• The Nash bargaining solution vs. equilibrium in a reinsurance syndicate 

      Aase, Knut K. (Discussion paper, Working paper, 2008-05)
      We compare the Nash bargaining solution in a reinsurance syndicate to the competitive equilibrium allocation, focusing on uncertainty and risk aversion. Restricting attention to proportional reinsurance treaties, we find ...
    • Wealth Effects on Demand for Insurance 

      Aase, Knut K. (Discussion paper, Working paper, 2007-01)
      A standard result states that under decreasing absolute risk aversion the indifference premium of the insured is a decreasing function of wealth. This has been interpreted to mean that insurance is an inferior good, which ...