Acknowledgments -- Introduction -- Introduction to dynamic and stochastic resource economics : essays on biodiversity, invasive species, joint systems, and regulation -- Natural resource management -- On some aspects of the management of a stochastically developing forest -- On the choice...

Risk diversification is the basis of insurance and investment. It is thus crucial to study the effects that could limit it. One of them is the existence of systemic risk that affects all of the policies at the same time. We introduce here a probabilistic approach to examine the consequences of...