BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//CREST - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:CREST
X-ORIGINAL-URL:https://crest.science
X-WR-CALDESC:Events for CREST
BEGIN:VTIMEZONE
TZID:Europe/Paris
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20170326T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20171029T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20171011T121500
DTEND;TZID=Europe/Paris:20171011T133000
DTSTAMP:20260715T083922
CREATED:20171002T063700Z
LAST-MODIFIED:20171002T063700Z
UID:11933-1507724100-1507728600@crest.science
SUMMARY:Catherine BOBTCHEFF (Toulouse School of Economics) - "Insurance pools for undiversifiable risks" joint work with David Alary and Carole Haritchabalet
DESCRIPTION:\nThe Microeconomics Seminar: Every Wednesday at 12:15 pm.\nTime: 12:15 pm – 1:30 pm\nDate: 11th of October 2017\nPlace: Room 3001.\nCatherine BOBTCHEFF (Toulouse School of Economics) – “Insurance pools for undiversifiable risks” joint work with David Alary and Carole Haritchabalet \nAbstract: This paper discusses the decision of the European Commission not to renew the antitrust exemption for the setting up of syndicates in the insurance industry. Pools are constituted to provide insurance for undiversifiable and/or new risks for which insurers with private expertise are capacity constrained. Our objective is to study if such syndicates improve insurance supply. Organizing this supply  amounts to sharing a common value divisible good between capacity constrained and privately informed agents with a reserve price. Pools turn out to operate as a uniform price auction with an “exit/re-entry” option that we compare to a discriminatory auction where no specific agreements are needed. Both auction formats lead to different coverage/premium tradeoffs. If at least one insurer is optimistic about the risk\, the pool offers both lower premiums and higher coverage. This result is reversed when all insurers are pessimistic about the risk. Static comparative results with respect to capacity constraints and reserve price are provided. \nOrganizers:\nMarie-Laure Allain (CREST – École polytechnique)\, Pierre Boyer (CREST – École polytechnique) & Laurent Linnemer (CREST – ENSAE ParisTech)\nSponsors:\nCREST\nLunch registration:\nLink (before 08th of October 2017)\n\n
URL:https://crest.science/event/catherine-bobtcheff-toulouse-school-of-economics-tba-joint-work-with-tba/
CATEGORIES:Economics,Microeconomics
ATTACH;FMTTYPE=:
END:VEVENT
END:VCALENDAR