Cooperative investment in incomplete markets under financial fairness

Groups of agents, such as participants in a collective pension fund, can decide to undertake a joint investment and to define, ex ante, a rule for the division of proceeds. The collective investment decision and the allocation rule together form a risk sharing scheme. Such a scheme defines a conting...

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Veröffentlicht in:	Insurance, mathematics & economics mathematics & economics, 2016-11, Vol.71, p.394-406
Hauptverfasser:	Pazdera, Jaroslav, Schumacher, Johannes M., Werker, Bas J.M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Agents Cooperative investment Expected utility Financial fairness Financial market Incomplete markets Investment Investments Iterative algorithms Iterative methods Pension funds Risk Risk sharing Securities markets Syndicates
Online-Zugang:	Volltext
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