9:00 – 9:15: registration

9:15 – 9:30: Welcome Address

9:30 – 11:00: 18th Geneva Risk Economics Lecture (Room Auditori):

Martin WEBER (University of Mannheim), “Biased Probability Judgments - Relevance for Economics?".

Discussant: F. Salanié.

11:00 – 11:15: coffee break

11:15 – 12:45: Parallel sessions

Risk and Insurance: theory (Room Auditori). Chairman: 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 (Room SALA 1). Chairman: M. Browne

C. COURBAGE, “Prudence, savings and health care risks”.

Discussant: D. Bardey

R.J. Huang, L.Y. TZENG, J. Wang, K.C. Wang, “Evidence for adverse selection in the automobile insurance market”

Discussant: M. Browne

 12:45: lunch (Faculty of Physics)

 14:30 – 16:00: Parallel sessions

 Risk Preferences: Experiments (Room Auditori). Chairman: N. Drouhin

E. Jouini, J.M. MARIN, C. Napp, and C. Robert, “Are risk averse agents more optimistic ?”

Discussant: N. Treich.

J.K. Hammitt, K. HANINGER, N. Treich, “Effects of health and longevity on financial risk tolerance”

Discussant: N. Drouhin

Empirical Finance (Room SALA 1). Chairman: R. Stapleton

O. BURKART, ‘Are there comovements in default risk of reinsurance companies ?’

Discussant: L.Y. Tzeng

M.J. BROWNE,  Yu-Luen Ma, and Ping Wang, ‘Executive Stock Option Compensation and Reserve Errors in the Property and Casualty Insurance Industry’

Discussant:  R. Stapleton.

16:00 – 16:30: coffee break

16:30 – 18:30: Parallel sessions

Risk Preferences: Theory I (Room SALA 1). Chairman: R. Kast

L. Eeckhoudt 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-dependent Utility through probabilistic consistency’

Discussant: R. Kast

Finance: Asset pricing (Room Auditori). Chairman: O. Burkhart

S.A. PERSSON, ‘Debt allocation: to fix or float’

Discussant: O. Le Courtois

P. LOCHTE JORGENSEN,  ‘Traffic light options’

Discussant: O. Burkart.

 21:00: Congress dinner

            Restaurant “Asador del Mar”, Bori i Fontestá, 45, Barcelona

 9:30 – 11:00: Parallel sessions

 Industrial Organization I (Room Auditori). Chairman: 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 (Room SALA 1). Chairman: H. Zank

A. Bommier and S. ZUBER, “Can preferences for catastrophe avoidance reconcile social discounting with intergenerational equity?”

Discussant: V. Touzé

N. DROUHIN, “Uncertain lifetime, prospect theory and temporal consistency”

Discussant: H. Zank.

 11:00 – 11:30: coffee break

 11:30 – 12:30: Ernst Meyer Prize: Bidénam Kambia-Chopin.

"Prevention of Risks, Insurance markets and Environmental Liability: Essays on Incentive Theory"

 12:30: lunch (Faculty of Physics)

 14:30 – 16:15: Parallel sessions

Industrial Organization II (Room SALA 1). Chairman: 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 (Room Auditori). Chairman: 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, K.C. Wang, “Empirical evidence for advantageous selection in the insurance market”

Discussant: A. Muermann

 16:15 – 16:40: coffee break

 16:40 – 18:00: EGRIE Meeting (Room Auditori)

 21:00: Gala dinner

            Restaurant “El Principal del Tragaluz”, Provença 286/288, 08008 Barcelona   

 9:30 – 10:45: Parallel sessions

Asset pricing II (Room SALA 1). Chairman: P. Lochte Jorgensen

C. Bernard, O. LE COURTOIS, 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 (Room Auditori). Chairman: 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

 10:45 – 11:15: coffee break

 11:15 – 12:45: Parallel sessions

Risk Preferences: Theory III (Room Auditori). Chairman: F. Salanié

G. Carlier and R.A. DANA, “Demand risk sharing and Equilibria for utilities additively separable in the quantiles”

Discussant: C. Gollier

C. GOLLIER and B. Salanié, “Individual decision under risk, risk sharing and asset prices with regret”

Discussant: R.A. Dana.

Contract design (Room SALA 1). Chairman: R. Eisen

C. FLUET and M.C. Fagart, “Liability insurance under the negligence rule”

Discussant: B. Kambia-Chopin

M. Fall, A. LAVIGNE, “Multi-period health insurance contracts and Bayesian updating of beliefs“

Discussant: R. Eisen.

 12:45: lunch (Faculty of Physics)