control sessions, incentives are formulated as a classic gain contract, while in treatment sessions, incentives are framed as … an isomorphic loss contract. Our results show that loss contracts reduce the minimum efforts of groups and worsen …

This paper studies the optimal risk-sharing between an insurer and a reinsurer. The insurer purchases reinsurance for … risk-control and decides her retention level with an objective to minimize her ruin probability. The reinsurer has control … specify the reinsurance contract by solving a system of coupled Hamilton-Jacobi-Bellman equations. We obtain explicit …