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Adjugé, Vendu...Assuré

Author

Listed:
  • Carole Botton

    (Pôle Finance Responsable - Rouen Business School - Rouen Business School)

  • Julien Fouquau

    (Pôle Finance Responsable - Rouen Business School - Rouen Business School)

Abstract

Registered for their market value, horses are insured for an amount of risk that doesn't exactly reveal their fair value. Indeed, empirical evidence has revealed difficulties in the assessment of a singular product, whose criteria are surrounded by fuzziness for investors. Ambiguous and unmeasurable, these criteria raise the question of fairness, relevance and predictability of assessment models. This paper examines the shaping of valuation models on racehorses' auctions. We provide a qualitative and quantitative approach which allows for understanding the valuation process for different kind of investors (experts or non professional) and their impact for insurers.

Suggested Citation

  • Carole Botton & Julien Fouquau, 2012. "Adjugé, Vendu...Assuré," Post-Print hal-00937902, HAL.
    • Handle: RePEc:hal:journl:hal-00937902
    Note: View the original document on HAL open archive server: https://hal.science/hal-00937902
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    References listed on IDEAS

    as
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