36th Seminar, Bergen, 21-23 September 2009
21st Geneva Risk Economics lecture by Agnar Sandmo on "Uncertainty in the Theory of Public Finance"
Scientific Committee: Meglena Jeleva, Christian Laux, Arthur Snow
Local Organizer: Svein-Arne Persson
Sunday, September 20th |
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| 18:30 | Welcome at Wesselstuen | |
Monday, September 21th |
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| 08:15 - 09:00 | Registration and Welcome Coffee | |
| 09:00 - 09:30 | Welcome Speech | |
| 09:30 - 11:00 |
Geneva Risk Economics Lecture A. Sandmo "Uncertainty in the Theory of Public Finance" Discussant: A. Snow |
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| 11:00 - 11:30 | Coffee Break | |
| 11:30 - 13:00 | Session A1 (Chair: A. Richter) Asymmetric Information P. Picard "Participating Insurance Contracts and the Rothschild-Stiglitz Equilibrium Puzzle" (Discussant: A. Wambach) W. Mimra "Cross-subsidizing and Profit-making Equilibria in a Competitive Insurance Market with Asymmetric Information" (Discussant: A. Richter) |
Session A2 (Chair: J. K. Hammitt) Demand for Insurance: Empirical Studies C.-S. Li, C.-C. Liu, S.-C. Peng, C.-S. Yang "Substitutes or Complements? The Interaction between Automobile Vehicle Damage Insurance and Voluntary Liability Insurance" (Discussant: J. K. Hammitt) T. Zhou-Richter, M. Browne, H. Gründl "Are They Aware? Do They Care? Risk Perception and the Demand for Long Term Care Insurance" (Discussant: G. Enjolras) |
| 13:00 - 14:30 | Lunch | |
| 14:30 - 16:00 | Session B1 (Chair: F. Schroyen) Higher-Order Risks D. C. Keenan, A. Snow "Ross Risk Vulnerability for Introductions and Changes in Background Risk" (Discussant: K. J. Crocker) P. Jindapon "Higher-Order Probability Premiums" (Discussant: W. H. Chiu) |
Session B2 (Chair: H. Gründl) Mortality Risks J. K. Hammitt, K. Haninger "Valuing Fatal-Disease and Injury Risks to Children and Adults: Effects of Disease Type, Latency, and Risk Aversion" (Discussant: K. Hanewald) R. J. Huang, J.C.Y. Miao, L. Tzeng "Does Mortality Improvement Increase Risk Premiums? A Risk Perception Perspective" (Discussant: C.-C. Liu) |
| 16:00 - 16:30 | Coffee Break |
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| 16:30 - 18:00 | Session C1 (Chair: W. Mimra) Risk Aversion with Flexibility vs. Constraints C. Gollier "Does Flexibility Enhance Risk Tolerance? " (Discussant: A. Mürmann) F. Schroyen "Income Risk Aversion with Quantity Constraints" (Discussant: J. Hardelin) |
Session C2 (Chair: C. Thomann) Macroeconomic and Background Risks K. Hanewald, T. Post, H. Gründl "Stochastic Mortality, Macroeconomic Risks, and Life Insurer Solvency" (Discussant: C. Thomann) R. C. Stapleton, M. G. Subrahmanyam, Q. Zeng "Background Risk and Trading in a Full-Information Rational Expectations Economy" (Discussant: H. Grundl) |
| 18:15 | Dinner at Cornelius Restaurant |
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Tuesday, September 22th |
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| 09:00 - 10:30 | Session E1 (Chair: W. H. Chiu) Risk Classification R. Bourlès "Moral Hazard in Dynamic Insurance, Classification Risk and Prepayment" (Discussant: N. Gatzert) N. Gatzert, G. Hoermann, H. Schmeiser "Optimal Risk Classification and Underwriting Risk for Substandard Annuities" (Discussant: J. Etner) |
Session E2 (Chair: P. Picard) Demand for Insurance: Theoretical Studies R. Kremslehner, A. Mürmann "State-Dependent Preferences and Insurance Demand" (Discussant: M. Jeleva) S. Laczó "Riskiness, Risk Aversion, and Risk Sharing: The Comparative Statics of Informal Insurance" (Discussant: O. Schellenberger) |
| 10:30 - 11:00 | Coffee Break |
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| 11:00 - 13:00 | Session F1(Chair: C. Laux) Incentives in Contracting, Marketing, and Investing D. Demougin, O. Fabel, C. Thomann "Implicit vs. Explicit Incentives: Theory and a Case Study" (Discussant: C. Laux) U. Bloos, O. Schellenberger "An Incentive based View on the Distribution of Consumer Financial Products" (Discussant: R. Bourlès) K. K. Aase "The Investment Horizon Problem: A Resolution" (Discussant: L. Neuthor) |
Session F2 (Chair: S. Laczó) Diversification and Insurance J. Hardelin, S. de Forges "Raising Capital in an Insurance Oligopoly Market" (Discussant: W. Mimra) J. Shim, S.-H. Lee, R. MacMinn "Measuring Economic Capital: Value at Risk, Expected Tail Loss and Copula Approach" (Discussant: R. C. Stapleton) G. Enjolras, R. Kast, P. Sentis "Aggregation in Area-Yield Crop Insurance: The Multi-Linear Additive Model" (Discussant: S. Laczó) |
| 13:00 - 14:30 | Lunch | |
| 14:30 - 16:00 | EGRIE General Assembly |
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| 15:00 - 16:00 | General Assembly |
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| 17:30 | Visit to the Edvard Grieg Museum Troldhaugen (Map). Bus from Thon Hotel Rosenkrantz. Concert in Troldsalen concert hall. Dinner at the Brasserie Troldhaugen. | |
Wednesday, September 23th |
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| 8:30 - 10:30 | Session H1 (Chair: L. Neuthor) Risk Premiums for Stochastic Improvements and for Multiple Risks W. H. Chiu "Risk Aversion, Downside Risk Aversion, and Paying for Stochastic Improvements" (Discussant: P. Jindapon) C. Courbage, B. Rey "On the Shape of Non-monetary Measures in the Face of Risk" (Discussant: D. Crainich) |
Session H2 (Chair: J. F. Outreville) Experimental Evidence on Insurance Demand and Fraud M. Servatka, S. Tucker, R. Watt "How Does an Increase in Risk Affect Insurance Demand? Experimental Evidence" (Discussant: T. Zhou-Richter) F. Lammers, J. Schiller "Behavioral Aspects of Insurance Fraud: Experimental Evidence" (Discussant: J. F. Outreville) |
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| :30 - 11:00 | Coffee Break |
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| 11:00 - 12:30 | Session I1 (Chair: C. Courbage) Demand for Prevention D. Crainich "Genetic Insurance and the Demand for Prevention"(Discussant: P. Picard) J. Etner "Health Prevention, Background Risk and Ambiguity"(Discussant: R. J. Huang) |
Session I1 (Chair: J. Schiller) |
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| 12:30 - 14:00 | Farewell Lunch | ||