Dr. Yuval Shilony

Senior Lecturer
Dr. Yuval Shilony
Mail Box Number: 
Research interests: 
Insurance, Economics of Uncertainty, Industrial Organization



1967 B.A. in Economics and Social Sciences, Hebrew University
1971 M.A. in Economics, B.A. Mathematics, Hebrew University
Ph.D. in Economics, University of California, Berkeley.
1975 Disseration: Mixed Pricing in Oligopoly

Instructor: Professor D. McFadden



  1. Mixed Pricing in Oligopoly, Journal of Economic Theory 14(2), 1977, 373-388.
  2. A Note on the Presentation and Solution of Infinite Games, Journal of Mathematical Economics 8, 1979, 63-72.
  3. A Methodological Note on Welfare Calculus, Journal of Transport Economics and Policy XV(1), 1981, 69-72.
  4. Hotellings' Competition with General Customer Distributions, Economics Letters 8(1), 1981, 39-45.
  5. More on Spatial Oligopoly as a Noncooperative Game, International Journal of Game Theory 10(3/4), 117-123
  6. Power and Importance in a Theory of Lobbying, Behavioral Science 27, 1982, 69-76 (with Y. Ben-Dov).
  7. The Design of a Tort Law to Control Accidents, Mathematical Social Sciences 4/2, 1983, 103-115 (with I. Lipnowski).
  8. A more extended version has appeared in the proceedings of the Israel Economic Association, Iyunim be-Kalkala, 1981.
  9. More Methodological Notes on Welfare Calculus, Journal of Transport Economics and Policy, January 1983, 95-98.
  10. Surplus May Measure Waste, Journal of Public Economics 22, 1983, 363-374.
  11. The Sequence Method of Finding Solutions to Infinite Games: A First Demonstrating Example, Journal of Optimization Theory and Applications, 46(1), May 1985, 105- 117.
  12. The Fate of a Cartel without Entry Barriers: The Eyeglass Industry in Israel, 1966- 1986, Proceedings of the Israel Economic Association, Iyunim be-Kalkala, 1989 (in Hebrew).
  13. Green Fields and Red Lines: The Acute Water Problem in Israel, The Economic Quarterly 150, 1991 (in Hebrew).
  14. Inside-Information in a Betting Market, Economic Journal 105, 1995, 963-971 (with A. Schnytzer).
  15. Book review on Meir Tamari, Kosher Money: Ethical Issues in Commerce, The Economic Quarterly, New Series, November 1995 (in Hebrew).
  16. Spatial Law Enforcement and Traffic Accidents with Casulaties in Israel, Traffic and Transportation 43, 1996 (in Hebrew).
  17. Diversity and Ingenuity in Voluntary Collective Action, European Journal of Political Economy 16, 2000, 429-443
  18. On the Timing of Inside Trades in a Betting Market (with A. Schnytzer), The European Journal of Finance 8(2), 2002, 176-186.
  19. On the Marginal Impact of Information and Arbitrage (with A. Schnytzer and R.Thorne), in L. Vaughan Williams (ed.) The Economics of Gambling, Routledge, 2003.
  20. Is the Presence of Insider Trading Necessary to Give Rise to a Favourite-Longshot Bias? (with A. Schnytzer), in L. Vaughan Williams (ed.) The Economics of Gambling, Routledge, 2003.
  21. Insider Trading and Bias in a Market for State-Contingent Claims (with A. Schnytzer), in L. Vaughan Williams (ed.) Information Efficiency in Financial and Betting Markets, 287 -312, Cambridge University Press, 2005.
  22. The Optimality and Statistical Detection of Price Rigging in Betting Markets (with A. Schnytzer), The Journal of Gambling Business and Economics 1(1), 2007, 13-29.
  23. The Production and Prediction of Traffic Accidents, The Journal of Prediction Markets 1(2), 2007, 157-168.
  24. Insurance, in W.A. Darity (ed.) The International Encyclopedia of the Social Sciences, 2nd edition, Forthcoming.

Work Submitted

  1. Insurance Production and the Alleged Advantage of Large Numbers
  2. Solvency-Dependent Demand and 'Junk' Insurance
  3. The Futility of Current Legislation against Wage Discrimination (with Y. Tobol)
  4. Samuelson's Conjecture, Returns to Scale and Reinsurance
  5. Quantifying Insurer Solvency

Work in Progress

  1. Basic Microeconomics of the Insurance Firm
  2. Options as Bets (with A. Schnytzer)
  3. The Rising Industry Supply Curve and Producer's Surplus