English, Article, Journal or magazine article edition: On Mutual Insurance. Y.M. Ermoliev; S.D. Flam

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Bookmark: http://trove.nla.gov.au/version/138909
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On Mutual Insurance.
Author
  • Y.M. Ermoliev
  • S.D. Flam
Physical Description
  • preprint
Notes
  • Owners of stochastic assets can pool their endowments to smoothen and insure individual payoffs across outcomes and time. We explore, in such a setting, how contingent shadow prices on aggregate resources can be used for three purposes: First, to design mutual contracts for risk averse agents; second, to quantify the malfunctioning of such contracts when there are risk lovers (or scale economies); and third, to estimate reasonable premiums for insurance offered by outside agents.
  • RePEc:wop:iasawp:ir00002
Language
  • English
Contributed by
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