IDEAS home Printed from https://ideas.repec.org/r/eee/jetheo/v4y1972i2p312-328.html
   My bibliography  Save this item

The allocation of individual risks in large markets

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Horst, Ulrich & Scheinkman, Jose A., 2006. "Equilibria in systems of social interactions," Journal of Economic Theory, Elsevier, vol. 130(1), pages 44-77, September.
  2. ALLEN, Beth & DUTTA , Jayasri & POLEMARCHAKIS , Heracles, 1994. "Equilibrium Selections," LIDAM Discussion Papers CORE 1994071, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. Chateauneuf, Alain & Dana, Rose-Anne & Tallon, Jean-Marc, 2000. "Optimal risk-sharing rules and equilibria with Choquet-expected-utility," Journal of Mathematical Economics, Elsevier, vol. 34(2), pages 191-214, October.
  4. Aldo Rustichini & Paolo Siconolfi, 2008. "General equilibrium in economies with adverse selection," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 1-29, October.
  5. Hens, Thorsten & Reimann, Stefan & Vogt, Bodo, 2004. "Nash competitive equilibria and two-period fund separation," Journal of Mathematical Economics, Elsevier, vol. 40(3-4), pages 321-346, June.
  6. Jean-Jacques Laffont, 1976. "La théorie économique de l'auto-protection," Revue Économique, Programme National Persée, vol. 27(4), pages 561-588.
  7. José S. Penalva, 2003. "Implications of Dynamic Trading for Insurance Markets," Working Papers 83, Barcelona School of Economics.
  8. Kenneth Oliven & Thomas A. Rietz, 2004. "Suckers Are Born but Markets Are Made: Individual Rationality, Arbitrage, and Market Efficiency on an Electronic Futures Market," Management Science, INFORMS, vol. 50(3), pages 336-351, March.
  9. ÖZGÜR, Onur, 2010. "Local Interactions," Cahiers de recherche 2010-06, Universite de Montreal, Departement de sciences economiques.
  10. Attar, Andrea & Mariotti, Thomas & Salanié, François, 2021. "Competitive Nonlinear Pricing under Adverse Selection," TSE Working Papers 21-1201, Toulouse School of Economics (TSE), revised Aug 2022.
  11. Hellwig, Martin F., 2005. "Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach," Journal of Economic Theory, Elsevier, vol. 120(1), pages 1-38, January.
  12. Chichilnisky, Graciela, 1998. "The economics of global environmental risk," MPRA Paper 8812, University Library of Munich, Germany.
  13. Gabrielle Demange, 2008. "Sharing aggregate risks under moral hazard," PSE Working Papers halshs-00586739, HAL.
  14. Graciela Chichilnisky & Geoffrey Heal, 1993. "Global Environmental Risks," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 65-86, Fall.
  15. Ba Chu, 2012. "Large deviations estimation of the windfall and shortfall probabilities for optimal diversified portfolios," Annals of Finance, Springer, vol. 8(1), pages 97-122, February.
  16. Jean-Marc Tallon & Alain Chateauneuf, 2002. "Diversification, convex preferences and non-empty core in the Choquet expected utility model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 19(3), pages 509-523.
  17. Bisin, Alberto & Gottardi, Piero, 1999. "Competitive Equilibria with Asymmetric Information," Journal of Economic Theory, Elsevier, vol. 87(1), pages 1-48, July.
  18. Geoffrey Heal & Bengt Kriström, 2002. "Uncertainty and Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 3-39, June.
  19. Rachel J. Huang & Arthur Snow & Larry Y. Tzeng, 2017. "Advantageous Selection in Insurance Markets with Compound Risk," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(2), pages 171-192, September.
  20. Chateauneuf, Alain & Dana, Rose-Anne & Tallon, Jean-Marc, 2000. "Optimal risk-sharing rules and equilibria with Choquet-expected-utility," Journal of Mathematical Economics, Elsevier, vol. 34(2), pages 191-214, October.
  21. Diamond, P., 1994. "Insulations of pensions from Political Risk," Working papers 94-20, Massachusetts Institute of Technology (MIT), Department of Economics.
  22. Joyce E. Berg & Thomas A. Rietz, 2003. "Prediction Markets as Decision Support Systems," Information Systems Frontiers, Springer, vol. 5(1), pages 79-93, January.
  23. Gourieroux, C. & Scaillet, O., 1997. "Unemployment insurance and mortgages," Insurance: Mathematics and Economics, Elsevier, vol. 20(3), pages 173-195, October.
  24. Jose S. Penalva Zuasti, 2001. "Insurance with Frequency Trading: A Dynamic Analysis of Efficient Insurance Markets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(4), pages 790-822, October.
  25. Mongin, Philippe, 2019. "Interview of Peter J. Hammond," The Warwick Economics Research Paper Series (TWERPS) 1190, University of Warwick, Department of Economics.
  26. repec:dau:papers:123456789/5461 is not listed on IDEAS
  27. Christensen, Peter Ove & Larsen, Kasper & Munk, Claus, 2012. "Equilibrium in securities markets with heterogeneous investors and unspanned income risk," Journal of Economic Theory, Elsevier, vol. 147(3), pages 1035-1063.
  28. Yuyu Chen & Paul Embrechts & Ruodu Wang, 2022. "An unexpected stochastic dominance: Pareto distributions, dependence, and diversification," Papers 2208.08471, arXiv.org, revised Mar 2024.
  29. Jean‐Jacques Laffont, 1989. "A Brief Overview of the Economics of Incomplete Markets," The Economic Record, The Economic Society of Australia, vol. 65(1), pages 54-65, March.
  30. Paolo Siconolfi & Aldo Rustichini, 2012. "Economies with Observable Types," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 57-71, January.
  31. Mario Ghossoub & Giulio Principi & Ruodu Wang, 2024. "Allocation Mechanisms in Decentralized Exchange Markets with Frictions," Papers 2404.10900, arXiv.org.
  32. Borglin, Anders & Flåm, Sjur, 2007. "Risk Exchange as a Market or Production Game," Working Papers 2007:16, Lund University, Department of Economics.
  33. Gerald A. Feltham & Peter O. Christensen, 1988. "Firm†specific information and efficient resource allocation," Contemporary Accounting Research, John Wiley & Sons, vol. 5(1), pages 133-169, September.
  34. Dwight Jaffee & Thomas Russell, 1998. "The Causes and Consequences of Rate Regulation in the Auto Insurance Industry," NBER Chapters, in: The Economics of Property-Casualty Insurance, pages 81-112, National Bureau of Economic Research, Inc.
  35. Joyce E. Berg & George R. Neumann & Thomas A. Rietz, 2009. "Searching for Google's Value: Using Prediction Markets to Forecast Market Capitalization Prior to an Initial Public Offering," Management Science, INFORMS, vol. 55(3), pages 348-361, March.
  36. Sun, Yeneng, 2006. "The exact law of large numbers via Fubini extension and characterization of insurable risks," Journal of Economic Theory, Elsevier, vol. 126(1), pages 31-69, January.
  37. Sun, Xiang & Sun, Yeneng & Wu, Lei & Yannelis, Nicholas C., 2017. "Equilibria and incentives in private information economies," Journal of Economic Theory, Elsevier, vol. 169(C), pages 474-488.
  38. von Thadden, Ernst-Ludwig, 1997. "The term-structure of investment and the banks' insurance function," European Economic Review, Elsevier, vol. 41(7), pages 1355-1374, July.
  39. José Penalva, 2003. "Implications of dynamic trading for insurance markets," Economics Working Papers 720, Department of Economics and Business, Universitat Pompeu Fabra.
  40. Sjur Didrik Flåm & Elmar G. Wolfstetter, 2015. "Liability Insurance and Choice of Cars: A Large Game Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(6), pages 943-963, December.
  41. Chichilnisky, Graciela & Wu, Ho-Mou, 2006. "General equilibrium with endogenous uncertainty and default," Journal of Mathematical Economics, Elsevier, vol. 42(4-5), pages 499-524, August.
  42. Yosha, Oved, 1995. "Diversification and Competition: Financial Intermediation in a Large Cournot-Walras Economy," Foerder Institute for Economic Research Working Papers 275599, Tel-Aviv University > Foerder Institute for Economic Research.
  43. Mordecai Kurz, 1997. "Social States of Belief and the Determinants of the Equity Risk Premium in A Rational Belief Equilibrium," Working Papers 97026, Stanford University, Department of Economics.
  44. Arthur Snow, 2015. "Monopolistic Insurance and the Value of Information," Risks, MDPI, vol. 3(3), pages 1-13, July.
  45. PANACCIONE, Luca, 2006. "Inefficiency of competitive equilibrium with hidden action and financial markets," LIDAM Discussion Papers CORE 2006096, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  46. Bryan Ellickson & José Penalva-Zuasti, 1996. "Intertemporal Insurance," Center for Financial Institutions Working Papers 96-19, Wharton School Center for Financial Institutions, University of Pennsylvania.
  47. Yosha, Oved, 1997. "Diversification and Competition: Financial Intermediation in a Large Cournot-Walras Economy," Journal of Economic Theory, Elsevier, vol. 75(1), pages 64-88, July.
  48. Thomas A. Rietz, 1991. "Arbitrage," Discussion Papers 958, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  49. Boyer, Marcel & Dagenais, Marcel G. & Salvas-Bronsard, Lise, 1989. "L’empreinte de MalinvaudMélanges économiques. Essais en l’honneur de Edmond Malinvaud, Economica, Paris, 1988 (1092 pages)," L'Actualité Economique, Société Canadienne de Science Economique, vol. 65(2), pages 263-296, juin.
  50. Cres, Herve & Rossi, Isabelle, 2000. "Symmetry breakings in Malinvaud's model with individual risks," Journal of Mathematical Economics, Elsevier, vol. 33(2), pages 239-269, March.
  51. Roland Eisen, 2021. "Vulnerability and mutual insurance," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(2), pages 224-235, April.
  52. Flåm, Sjur Didrik, 2016. "Borch’s theorem, equal margins, and efficient allocation," Insurance: Mathematics and Economics, Elsevier, vol. 70(C), pages 162-168.
  53. Berg, Joyce E. & Nelson, Forrest D. & Rietz, Thomas A., 2008. "Prediction market accuracy in the long run," International Journal of Forecasting, Elsevier, vol. 24(2), pages 285-300.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.