Show simple item record

dc.contributor.authorAase, Knut K.
dc.date.accessioned2008-10-21T10:35:02Z
dc.date.available2008-10-21T10:35:02Z
dc.date.issued2008-07
dc.identifier.issn1500-4066
dc.identifier.urihttp://hdl.handle.net/11250/164123
dc.description.abstractIn this paper we consider a reinsurance syndicate, assuming that Pareto optimal allocations exist. Under a continuity assumption on preferences, we show that a competitive equilibrium exists and is unique. Our conditions allow for risks that are not bounded, and we show that the most standard models satisfy our set of sufficient conditions, which are thus not too restrictive. Our approach is to transform the analysis from an infinite dimensional to a finite dimensional setting.en
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Finance and Management Scienceen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2008:13en
dc.subjectexistence of equilibriumen
dc.subjectuniqueness of equilibriumen
dc.subjectpareto optimalityen
dc.subjectreinsurance modelen
dc.subjectsyndicate theoryen
dc.subjectrisk toleranceen
dc.subjectexchange economyen
dc.subjectprobability distributionsen
dc.subjectWalras’ lawen
dc.titleExistence and uniqueness of equilibrium in a reinsurance syndicateen
dc.typeWorking paperen
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Bedriftsøkonomi: 213en


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record