The authors argue that it is possible to break the demand for films into two types: the underlying demand accounted for … by audiences’ behaviours owing to events outside the film industry (vacations, climate, etc.); and demand due to the … studios exploit peaks in demand. Such agglomeration increases seasonality and could lead studios to overestimate the true …

cumulative prospect theory (CPT). We show that the computation of demand for a contingent claim when utilities are within that …

This paper investigates the impact of health risk on insurance contract with hazard moral. We use a bi …-dimensional utility function (wealth and health status). We prove that the type of health risk influences the equilibrium of insurance …

experiment makes it possible to analyze the determinants of insurance coverage on the demand side. Based on unique household … experiment of a well-developed supply of natural disasters insurance in highly exposed regions. The French system of natural …Insurance coverage for natural disasters remains low in many exposed areas. A limited supply of insurance is commonly …

The text is a description of the evolution of the insurance theory during the period 1968-93. …

The present paper thoroughly explores second-best efficient allocations in an insurance economy with adverse selection …

tradeoff between efficiency and fairness of the allocation, we give indications on the desirable structure of the insurance …

. To optimize the value of insurance, the insurer and the insured have to agree upon repair strategies (when to fix the …