In this paper, we present a version of the multivariate risk premium for additive risks and the necessary and … sufficient conditions to compare global attitudes towards multivariate risk. The link between this risk premium and well …-known partial multivariate risk premiums is then investigated. …

financing generates a demand for insurance by risk-neutral entrepreneurs. In our model, the entrepreneur needs external … insurance and banking activities are exogenously separated. Finally, we show how are results imply 'induced risk aversion' for … risk-neutral firms and we extend the model to property insurance. …

case if her global risk premium is lower than the sum of premia for insuring each risk at once. We prove that a utility …

towards intertemporal substitution and risk matter for option pricing. In particular, we show under which statistical …