In this paper we show how a shift in a return distribution affects the composition of an optimal portfolio in the case of one riskless asset and two risky assets. We obtain that, in general, such a shift modifies the composition of themutual fund. We also show that the separating conditions...

In this research, we introduce information structure as a variable to explain differences in salary profiles and rates of separation among firm.

Dans cet article, nous presentons une revue de la litterature sur l'offre d'assurance non vie. Nous insistons sur le fait qu'un assureur est un intermediaire financier qui reduit les couts de transaction dans l'economie en permettant a des agents de se proteger contre certains risques, tout en...

We discuss how to detect the informational content of household decisions among the explanatory variables of econometric models. Two applications to the choice of automobile insurance contracts and the demand for life insurance are provided. We show that the information provided by additional...

It is well known that, whereas in one-agent contexts the value of information is always positive, in strategic situations, this is not always the case. We will consider the class of games for which, under a specific information structure, there exists a unique Pareto payoff profile, and we show...

The paper discusses several topics such Nash equilibria, repeated games. It also discusses applications to market games, regulation and R&D games.