Khoury, Sarkis; Arayssi, Mahmoud - In: Journal of Business Valuation and Economic Loss Analysis 3 (2008) 1, pp. 5-5
This paper develops a labor-based model where a worker chooses between not only work and leisure, as the traditional labor models have argued, but rather between labor, leisure and the purchase of insurance. The model allows the insurance buyer to determine the amount of insurance he is willing...
