Dana, Rose-Anna; Carlier, Guillaume; Galichon, Alfred - Department of Economics, Sciences économiques - 2012
This paper studies efficient risk-sharing rules for the concave dominance order. For a univariate risk, it follows from a comonotone dominance principle, due to Landsberger and Meilijson (1994), that efficiency is characterized by a comonotonicity condition. The goal of the paper is to...
