We compare the Nash bargaining solution in a reinsurance syndicate to the competitive equilibrium allocation, focusing on uncertainty and risk aversion. Restricting attention to proportional reinsurance treaties, we find that, although these solution concepts are very different, one may just...

In this paper I examine the influence which a population of different behavioral types may have on the provision of public goods. In particular, the population or subject pool consists of three behavioral types: myopic selfish agents, enlightened selfish agents and ethically motivated agents. I...