THE EFFECT OF AMBIGUITY AVERSION ON INSURANCE AND SELF-PROTECTION

被引：88

作者：

Alary, David ^{[1
]}

Gollier, Christian ^{[1
,2
]}

Treich, Nicolas ^{[2
,3
]}

机构：

[1] Univ Toulouse, TSE, LERNA, Toulouse, France

[2] TSE, IDEI, F-31000 Toulouse, France

[3] TSE, INRA, LERNA, F-31000 Toulouse, France

来源：

ECONOMIC JOURNAL | 2013年 / 123卷 / 573期

关键词：

COMPARATIVE STATICS; EXPECTED-UTILITY; RISK; MODEL;

D O I：

10.1111/ecoj.12035

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article, we derive a set of simple conditions such that ambiguity aversion always raises the demand for self-insurance and the insurance coverage, but decreases the demand for self-protection. We also characterise the optimal insurance design under ambiguity aversion and exhibit a case in which the straight deductible contract is optimal as in the expected utility model.

引用

页码：1188 / 1202

页数：15

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