Blar i Working papers (SNF) på emneord "transferable utility"
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Private information, transfer utility, and the core
(Working paper, Working paper, 2007-09)Considered here are transferable-utility, coalitional production or market games,featuring differently informed players. It is assumed that personalized contracts must comply with idiosyncratic information. The setting may ... -
Risk exchange as a market or production game
(Working paper, Working paper, 2007-09)Risk exchange is considered here as a cooperative game with transferable utility. The set-up fits markets for insurance, securities and contingent endowments. When convoluted payoff is concave at the aggregate endowment, ...