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risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the … that bases insurance demand on risk aversion with important implications for policy and research. … such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not …
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China has quickly become the largest e-commerce market in the world. By matching a nationally representative China Family Panel Studies survey with county-level e-commerce information obtained from Alibaba, this paper examines how e-commerce development has shaped household consumption growth in...
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What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about … their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …
Persistent link: https://www.econbiz.de/10013072906
What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about … their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …
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