| dc.contributor.author | Borglin, Anders | |
| dc.contributor.author | Flåm, Sjur Didrik | |
| dc.date.accessioned | 2008-01-21T09:35:11Z | |
| dc.date.available | 2008-01-21T09:35:11Z | |
| dc.date.issued | 2007-09 | |
| dc.identifier.issn | 1503-2140 | |
| dc.identifier.uri | http://hdl.handle.net/11250/166138 | |
| dc.description.abstract | 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, there is a price-supported core solution. Under variance aversion the latter mirrors the two-fund separation in allocating to each agent some sure holding plus a fraction of the aggregate. | en |
| dc.language.iso | eng | en |
| dc.publisher | SNF | en |
| dc.relation.ispartofseries | Working paper | en |
| dc.relation.ispartofseries | 2007:24 | en |
| dc.subject | securities | en |
| dc.subject | mutual insurance | en |
| dc.subject | market or production games | en |
| dc.subject | transferable utility | en |
| dc.subject | extremal convolution | en |
| dc.subject | core solutions | en |
| dc.subject | variance of risk aversion | en |
| dc.subject | two-fund separation | en |
| dc.subject | CAPM | en |
| dc.title | Risk exchange as a market or production game | en |
| dc.type | Working paper | en |
| dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Bedriftsøkonomi: 213 | en |
