Optimal Effort on Self-Insurance-Cum-Protection: A New Analysis Using Yaari’s Dual Theory

People take different measures to control risks. The measures that can simultaneously reduce loss probability and loss size are called self-insurance-cum-protection. This paper studies self-insurance-cum-protection using Yaari’s dual theory. We analyze the comparative statics of increased risk avers...

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Autores principales: Wing Yan Lee, Derrick W. H. Fung
Formato: article
Lenguaje:EN
Publicado: MDPI AG 2021
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Acceso en línea:https://doaj.org/article/f85c6809ae5548f5ba4717bd97da9816
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