{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,8,8]],"date-time":"2024-08-08T14:40:02Z","timestamp":1723128002750},"reference-count":0,"publisher":"Informa UK Limited","issue":"1","license":[{"start":{"date-parts":[[1999,1,1]],"date-time":"1999-01-01T00:00:00Z","timestamp":915148800000},"content-version":"unspecified","delay-in-days":0,"URL":"http:\/\/creativecommons.org\/licenses\/by\/3.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Journal of Applied Mathematics and Decision Sciences"],"published-print":{"date-parts":[[1999,1,1]]},"abstract":"<jats:p>We consider a risky economic project that may yield either profits or losses, depending\non random events. We study an insurance mechanism under which the plan of project implementation\nmaximizing the expected value of profits becomes optimal almost surely. The mechanism\nis linear in the decision variables, \u201cactuarially fair\u201d and robust to changes in the utility function.<\/jats:p><jats:p>The premium and the compensation in the insurance scheme are expressed through dual variables\nassociated with information constraints in the problem of maximization of expected profits. These\ndual variables are interpreted as the shadow prices of information. Along with the general model,\nseveral specialized models are considered in which the insurance mechanism and the shadow prices\nare examined in detail.<\/jats:p>","DOI":"10.1155\/s1173912699000061","type":"journal-article","created":{"date-parts":[[2007,3,8]],"date-time":"2007-03-08T07:44:28Z","timestamp":1173339868000},"page":"85-128","source":"Crossref","is-referenced-by-count":0,"title":["Robust insurance mechanisms and the shadow prices of information\nconstraints"],"prefix":"10.1080","volume":"3","author":[{"given":"I. V.","family":"Evstigneev","sequence":"first","affiliation":[{"name":"Central Economics and Mathematics Institute, Academy of Sciences of Russia, Nakhimovsky 47, Moscow 117418, Russia"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"W. K. Klein","family":"Haneveld","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Groningen, P.O. Box 800, Groningen 9700, AV, The Netherlands"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"L. J.","family":"Mirman","sequence":"additional","affiliation":[{"name":"Department of Economics, 114 Rouss Hall, University of Virginia, Charlottesville Va. 22903-3288, USA"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"301","container-title":["Journal of Applied Mathematics and Decision Sciences"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/downloads.hindawi.com\/archive\/1999\/537829.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/downloads.hindawi.com\/archive\/1999\/537829.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,8,8]],"date-time":"2024-08-08T14:22:58Z","timestamp":1723126978000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.hindawi.com\/journals\/ads\/1999\/537829\/abs\/"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[1999,1,1]]},"references-count":0,"journal-issue":{"issue":"1","published-print":{"date-parts":[[1999,1,1]]}},"alternative-id":["537829"],"URL":"https:\/\/doi.org\/10.1155\/s1173912699000061","relation":{},"ISSN":["1173-9126"],"issn-type":[{"type":"print","value":"1173-9126"}],"subject":[],"published":{"date-parts":[[1999,1,1]]}}}