| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5077107 | Insurance: Mathematics and Economics | 2009 | 8 Pages |
Abstract
We investigate the problem of optimal risk sharing between agents endowed with cash-invariant choice functions which are law-invariant with respect to different reference probability measures. We motivate a discrete setting both from an operational and a theoretical point of view, and give sufficient conditions for the existence of Pareto optimal allocations in this framework. Our results are illustrated by several examples.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Beatrice Acciaio, Gregor Svindland,