Courbage, Christophe; Loubergé, Henri; Rey, Béatrice - 2016
that aim, we define the risk apportionment of order n (RA-n) utility premium as a measure of pain associated with facing … the RA-n utility premium is modified when individual's wealth becomes riskier. This makes it possible to generalise … superadditivity and subadditivity of the RA-n utility premium. Third, the paper investigates welfare changes of merging increases in …