In this paper we analyze the possibilities of intergenerational risk sharing in a generational DB pension fund. Each generation is subject to discretionary investment, indexation and contribution policies, thereby losing intergenerational diversification gains. Intergenerational risk sharing is repaired by introducing contingent claims on the generational surplus or deficit. We find that in som...

Crohn disease often recurs after surgical resection. Despite extensive research in the prevention of postoperative Crohn disease, optimal management strategies have yet to be defined. Risk of disease recurrence needs to be carefully balanced against potential risks associated with treatment. Patients with low risk of postoperative recurrence may not require medication, whereas those at moderate...

The Intergovernmental Panel on Climate Change assessments (IPCC) Special Report 1.5 °C of global warming is clear. Nearly all pathways that hold well below 2 involve carbon removal (IPCC, 2015). In addition, solar geoengineering being considered as a potential tool to offset warming, especially limit temperature until negative emissions technologies are sufficiently matured (MacMartin et al., 2...