Market Insurance, Self-Insurance and Self-Protection -an Analysis Under the Dual Theory of Choice.

This article examines, under the Dual Theory of Choice (Yaari (1987)), the classical results and their extensions on self-insurance, self-protection and market insurance obtained by Ehrlich and Becker (1972) under the expected utility hypothesis. In particular, background risk, non-reliability, insolvency and asymmetric information are considered.

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Year of publication:	1999
Authors:	Courbage, C.
Institutions:	Institut d'Economie et Econométrie, Université de Genève
Subject:	ASYMETRIC INFORMATION \| INSURANCE \| RISK

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Series:	Research Papers by the Institute of Economics and Econometrics, Geneva School of Economics and Management, University of Geneva.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	G22 - Insurance; Insurance Companies ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010925498