The exact law of large numbers via Fubini extension and characterization of insurable risks

DOI10.1016/J.JET.2004.10.005zbMATH Open1108.60025OpenAlexW2047744180MaRDI QIDQ2490122FDOQ2490122

Authors: Yeneng Sun 

Publication date: 28 April 2006

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2004.10.005

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zbMATH Keywords

Fubini extensionExact law of large numbersInsurable risksPareto optimality and equilibriumRich product probability spaceUncorrelatedness and independence

Mathematics Subject Classification ID

Strong limit theorems (60F15) Measures and integrals in product spaces (28A35)

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Cited In (72)

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• Contagion management through information disclosure
• Effort expenditure for cash flow in a mean-field equilibrium
• Optimal Scheduling of Entropy Regularizer for Continuous-Time Linear-Quadratic Reinforcement Learning
• Liquidity Based Modeling of Asset Price Bubbles via Random Matching
• Stochastic graphon games. II: The linear-quadratic case
• Matching while learning
• Continuous time q-learning for mean-field control problems
• Optimal banking with delegated monitoring
• Strategic ambiguity in global games
• Equilibrium effects of pay transparency
• Optimal investment in a large population of competitive and heterogeneous agents
• Stochastic graphon games. I: The static case
• Targeted disclosure and monetary policy flexibility: a simple model
• The essential equivalence of pairwise and mutual conditional independence
• Monte Carlo sampling processes and incentive compatible allocations in large economies
• On the optimality of monetary trading
• Analysis of Markovian competitive situations using nonatomic games
• Investments in education and welfare in a two-sector, random matching economy
• Information percolation in segmented markets
• Recursive equilibrium in Krusell and Smith (1998)
• Rational inattention and the dynamics of consumption and wealth in general equilibrium
• Global manipulation by local obfuscation
• Large strategic dynamic interactions
• Reprint of: ``Information percolation in segmented markets
• Pareto-undominated and socially-maximal equilibria in non-atomic games
• The relative contributions of private information sharing and public information releases to information aggregation
• Modeling large societies: why countable additivity is necessary
• Robust perfect equilibrium in large games
• Teamwise mean field competitions
• Finite state graphon games with applications to epidemics
• Utilitarian mechanism design for an excludable public good
• Imitation in heterogeneous populations
• Purification and roulette wheels
• The one-way Fubini property and conditional independence: an equivalence result
• Verifiability and group formation in markets
• The limits of meritocracy
• The informational content of prices when policy makers react to financial markets
• Existence of independent random matching
• Existence and uniqueness of a steady state for an OTC market with several assets
• A Bayesian nonatomic game and its applicability to finite-player situations
• The exact law of large numbers for independent random matching
• Independent random partial matching with general types
• Conditional exact law of large numbers and asymmetric information economies with aggregate uncertainty
• Existence, incentive compatibility and efficiency of the rational expectations equilibrium
• Purification, saturation and the exact law of large numbers
• Monotone equilibria in nonatomic supermodular games. A comment
• A bargaining model in general equilibrium
• Large games and the law of large numbers
• Equilibria and incentives in private information economies
• On existence of rich Fubini extensions
• Ex ante efficiency implies incentive compatibility
• Monte Carlo simulation of macroeconomic risk with a continuum of agents: the general case
• Individual risk and Lebesgue extension without aggregate uncertainty
• Performance pay, trade and inequality
• The generalized random priority mechanism with budgets
• Learning, convergence and economic constraints
• A Mean Field Game of Optimal Stopping
• Steady states in matching and bargaining
• On the converse law of large numbers
• A note on the absurd law of large numbers in economics
• Dynamic directed random matching
• The individualistic foundation of equilibrium distribution
• Independent random matching
• Differential information in large games with strategic complementarities
• A Mean Field Competition
• Perfect competition in asymmetric information economies: compatibility of efficiency and incentives
• Incentive compatible self-fulfilling mechanisms and rational expectations
• Large games with a bio-social typology
• Rationalizability in large games
• Core, equilibria and incentives in large asymmetric information economies

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