Richard Watt Universidad Autónoma de Madrid   Dept. Análisis Económico, Fac. C.C.E.E., Universidad Autónoma de Madrid, Ctra. Colmenar, km. 15 Madrid, Madrid 28049 Spain   richard.watt@uam.es     Biographical Sketch: Interest in applied microeconomic theory in general. Publications in insurance economics (Scandinavian Actuarial Journal, Geneva Papers on Risk and Insurance Theory, Insurance: Mathematics and Economics, ...). Recent publication of a book on the economics of copyright (Edward Elgar). Member of the Risk Theory Society. Member of the American Economic Association. Member of the American Risk and Insurance Association.   Primary Research Focus: efficient risk bearing and insurance, economics and copyright   JEL Areas: D8 : Information, Knowledge, and Uncertainty: General C6 : Mathematical Methods and Programming: General