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Essays in the theory of risk-bearing

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The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).

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The Theory of Excess Burden and Optimal Taxation

TL;DR: The theory of excess burden and optimal commodity taxation is one of the oldest subjects of study in public finance, dating back to Dupuit (1844), and yet is also closely associated with the rapid analytical development of the field which commenced in the early 1970s as mentioned in this paper.
Journal ArticleDOI

On the measurement of risk aversion from experimental data

TL;DR: In this article, the authors measured attitudes towards risk for households in Northern Zambia using an experimental gambling approach with real payoffs that at maximum were equal to 30% of average total annual income per capita.
Proceedings ArticleDOI

Multi-resource allocation: Fairness-efficiency tradeoffs in a unifying framework

TL;DR: Two families of fairness functions are developed that provide different tradeoffs, characterize the effect of user requests' heterogeneity, and prove conditions under which these fairness measures satisfy the Pareto efficiency, sharing incentive, and envy-free properties.
Book ChapterDOI

Risk Intermediation in Supply Chains

TL;DR: In this paper, the authors present tools for analyzing and solving such a problem from the viewpoint of a (risk-neutral) seller/distributor, and they present two types of models that can be used to create contracts, one set in a discrete setting and the other in a continuous setting.
Book ChapterDOI

Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods

TL;DR: A review of frontier efficiency and productivity methodologies that have been developed to analyze firm performance, emphasizing applications to the insurance industry, is presented in this article, where the focus is on the two most prominent methodologies: stochastic frontier analysis using econometrics and non-parametric frontier analyses using mathematical programming.