Exchange of risks is considered here as a transferable-utility cooperative game. When the concerned agents are risk … averse, there is a core imputation given by means of shadow prices on state-dependent claims. Like in finance, a risk can … on the pooled risk and the convolution of individual preferences. Explored below are relations to finance with some …

This paper analyzes the impact of countries' tax attractiveness on the allocation of risk within multinational groups … globally. We show that tax symmetry positively influences the relative amount of risk allocated to subsidiaries. Both time and … decrease the relative amount of risk taken. …