Monday, September 18th

Geneva Risk Economics Lecture

Martin Weber

“Biased Probability Judgments - Relevance for Economics?"

(Discussant: F. Salanié)

Risk and Insurance: Theory (Chair: A. Snow)

F. Gannon and V. Touze
"Insurance and optimal growth" (Discussant: S. Zuber)

C. Gollier and A. Muermann
"Optimal Choice and Beliefs with ex ante savoring and ex post disappointment" (Discussant: A. Snow)

Empirical Studies (Chair: M.Browne)

C. Courbage
"Prudence, savings and health care risks" (Discussant: D. Bardey)

R.J. Huang, L.Y. Tzeng, J. Wang and K.C. Wang
"Evidence for adverse selection in the automobile insurance market" (Discussant: M. Browne)

Risk Preferences: Experiments (Chair: N. Drouhin)

E. Jouini, J.M. Marin, C. Napp and C. Robert
"Are risk averse agents more optimistic?" (Discussant: N. Treich)

J.K. Hammit, K. Haninger, N. Treich
"Effects of health and longevity on financial risk tolerance" (Discussant: N. Drouhin)

Empirical Finance (Chair: R. Stapleton)

O. Burkhardt
"Are there comovements in default risk of reinsurance companies?" (Discussant: L.Y. Zeng)

M.J. Browne, Yu-Len Ma and Ping Wang
"Executive Stock Options Compensation and Reserve Errors in the Property and Casualty Industry" (Discussant: R. Stapleton)

Risk Preferences: Theory I (Chair: R. Kast)

L. Eeeckhoudt and H. Schlesinger
"On the utility premium of Friedman and Savage" (Discussant: A. Chassagnon)

D.C. Keenan, D.C. Rudow and A. Snow
"Risk preferences and changes in background risk" (Discussant: H. Schlesinger)

H. Zank
"Deriving rank-dependetn Utility trough probabilistic consistency" (Discussant: R. Kast)

Finance: Asset Pricing (Chair: O. Burkhardt)

Tuesday, September 19th

Industrial Organization I (Chair: D. Alary)

A. Hofmann
"Internalizing externalities of loss prevention through insurance monopoly: an analysis of interdependent risks " (Discussant: P. Picard)


J.M. Bourgeon, P. Picard and J. Pouyet
"Providers affiliation, insurance and collusion" (Discussant: D. Alary)

Risk Preferences: Theory II (Chair: H. Zank)

A. Bommier and S. Zuber
"Can preferences for catastrophe avoidance reconcile social discounting with intergenerational equity?" (Discussant: V. Touze)

N. Drouhin
"Uncertain lifetime, prospect theory and temporal consistency " (Discussant: H. Zank)

Ernst Meyer Prize

Bidénam Kambia-Chopin
"Prevention of Risks, Insurance markets and Environmental Liability: Essays on Incentive Theory"

Industrial Organization II (Chair: C. Fluet )

A. Attar and A. Chassagnon
"Price and non-price equilibria in an oligopolistic game with non-exclusivity" (Discussant: P. Olivella)

P. Olivella and F. Schroyen
"Multi-dimensional screening in insurance - with an application to gender discrimination" (Discussant: C. Fluet)

Empirical Studies (Chair: A. Muermann)

P. Eugster and P. Zweifel
"Correlated Risks: a conflict of interest between insurers and consumers and its resolution" (Discussant: A. Hofmann)

R.J. Huang, L.Y. Tzeng and K.C. Wang
"Empirical evidence for advantageous selection in the insurance market" (Discussant: A. Muermann)

Gala Dinner

Wednesday, September 20th

Asset Pricing II (Chair: P. Lochte Jorgensen)

C. Bernard, O. Le Courtouis and F. Quittard-Pinon
"Assessing the market value of safety loadings" (Discussant: N. Gatzert)

N. Gatzert and A. Kling
"Analysis of participating life insurance contracts: a unification approach" (Discussant: P. Lochte Jorgensen)

Health and Insurance (Chair: C. Courbage)

D. Bardey and R. Lesur
"Optimal regulation of health system with induced demand and ex post moral hazard" (Discussant: A. Lavigne)

D. Alary and F. Bien
"Optimal health insurance contract: can moral hazard increase indemnity " (Discussant: C. Courbage)

Risk Preferences Theory III (Chair: F. Salanie)

G. Carlier and R.A. Dana
"Demand risk sharing and Equilibria for utilities additively separable into the quantiles"(Discussant: C. Gollier)

C. Gollier and B. Salanie
"Individual decision under risk, risk sharing and asset prices with regret"(Discussant: R.A. Dana)

Contract Design (Chair: R. Eisen)

C. Fluet and M.C. Fagart
"Liability insurance under the negligence rule" (Discussant: B. Kambia-Chopin)

M. Fall and A. Lavigne
"Multi-period health insurance contracts and Bayesian updating of beliefs" (Discussant: R. Eisen)