Transfert de risques et création de surplus

Jean-Michel Courtault () and Jean-Pascal Gayant

CEPN Working Papers from HAL

Abstract: In this paper, we use the certain benefit function of Luenberger, which is a generalization of the notion of distributable surplus by Allais, to characterize the classical notions of willingness to pay and willingness to accept. These concepts allow us to study the transfer of one or several risks between two agents or more. Specifically, we determine the conditions under which the maximization of the total distributable surplus leads to a Pareto efficient allocation of risks.

Keywords: Distributable Surplus; Certain Benefit; Efficient Risk-Sharing; Willingness to Pay and Willingness to Accept; Surplus Distribuable; Bénéfice Certain; Partage Efficace des Risques; Prix de Vente et Prix d'achat d'une Loterie (search for similar items in EconPapers)
Date: 1997-09-01
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00447516
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Working Paper: Transfert de risques et création de surplus (1997)
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