indeed provide liquidity, is challenged by the price risk they bear due to their inventory. In this paper, we provide optimal …

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

sample. Moreover, the Bootstrap without replacement results do not support the risk based explanation. …

We define a repairable asset as an irreplaceable commodity whose quality is at risk, but can be partly restored at a …

The theory of existence of equilibrium with short-selling is reconsidered under risk and ambiguity modelled by risk … averse variational preferences. No-arbitrage conditions are given in terms of risk adjusted priors. A sufficient condition … for existence of efficient allocations is the overlapping of the interiors of the risk adjusted sets of priors or the …

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 …