SELF-INSURANCE AND SELF-PROTECTION - A NONEXPECTED UTILITY ANALYSIS

被引：25

作者：

KONRAD, KA ^{[1
]}

SKAPERDAS, S ^{[1
]}

机构：

[1] UNIV CALIF IRVINE,SCH SOCIAL SCI,DEPT ECON,IRVINE,CA 92717

来源：

GENEVA PAPERS ON RISK AND INSURANCE THEORY | 1993年 / 18卷 / 02期

关键词：

SELF-INSURANCE; SELF-PROTECTION; RANK-DEPENDENT UTILITY; LIMITED LIABILITY;

D O I：

10.1007/BF01111466

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper studies the comparative statics of self-insurance and self-protection for individuals with rank-dependent expected utility preferences. In particular, proportional wealth risks, background risk, and limited liability are considered. Limited liability has a major impact on self-insurance and self-protection. It can reverse seemingly robust comparative static results for the case of self-insurance and can eliminate some puzzling ambiguities for the case of self-protection.

引用

页码：131 / 146

页数：16

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