Recently, Caballi and Pomansky (1996) proposed a formal definition of mixed risk aversion and characterized stochastic … dominance in presence of such utility functions. However they did not study comparative mixed risk aversion. In this note we … give a sufficient condition for analytic comparative mixed risk aversion. …

selection, whereas bonus-malus (or merit-rating) schemes are introduced because risk categories lack homogeneity or fairness and …

, accident costs, risk aversion and moral hazard. We then discuss an econometric modeling based on latent variables and we derive …

financing generates a demand for insurance by risk-neutral entrepreneurs. In our model, the entrepreneur needs external … insurance and banking activities are exogenously separated. Finally, we show how are results imply 'induced risk aversion' for … risk-neutral firms and we extend the model to property insurance. …

Some Current Insurance Markets Are Troubled by the Presence of Systematic Risk Or by the Inability of the Parties to …". We Compare the Performance of Alternative Vehicles for Risk Sharing Under These Circumstances. Specifically, We Show That … Mutals Appear to Outperform Stock Insurance Companies When There Is Undiversifiable Risk. These Results Represent an …

Income Risk on Consumption. They Gave Necessary and Sufficient Conditions for Consumption to Decrease Under Income Risk …. However, They Did Not Cover Extensively the Case of Capital Risk Without Perfect Markets. in This Note We Provide Necessary … and Sufficient Conditions for Signing the Response of Consumption to a Global Increase in Capital Risk. …