We consider environmental risks that are evaluated too much heavy for a single insurance company, but they can be …

- game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …

This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It …-preserving spread or an SSD deterioration. However, (ii) no longer holds when insurance can only be incomplete, because of the interplay … independent of mean income. This paper also relates the level of cooperation to informal insurance transfers and the smoothness of …