and Stiglitz 'model. In this case, we show that the optimal contract exhibits a deductible for the high health risk type … low health risk type. …

We study imperfect competition between insurers in a multiple-risk environment. In the absence of asymmetric …

françaises durant la période 2005-2006 et testons le « risk-relevance » de ces trois mesures. Nous démontrons que la volatilité … performance and risk very differently, especially for companies with significant exposure to changes in fair values of financial … 2005 to 2006, and test the risk-relevance of these different volatility measures. We find that for the average bank, the …

This article applies a two-step conditional Bayesian approach to hedge fund risk. First, a mixture or-two normal …

We create an analytical structure that reveals the long-run risk-return relationship for nonlinear continuous … eigenfunction term. The eigenvalue encodes the risk adjustment, the martingale alters the probability measure to capture long … components of cash flows induce changes in the corresponding eigenvalues and eigenfunctions, we reveal a long-run risk …

outlook for the risk evaluation in investment choice. Measurement tools form the main development in investment literature …