Tilburg University, CentER Working Paper No. 1999-95
Posted: 10 Mar 2000
This paper shows how (re)insurance problems can be modeled as cooperative games with stochastic payoffs. It determines Pareto optimal allocations of risk. Furthermore, it shows that a core-allocation is obtained if one uses the zero utility premium calculation principle to determine the insurance premium that an agent has to pay for his insurance.
JEL Classification: C71
Suggested Citation: Suggested Citation