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This article studies insurance demand in a two-period framework in which an individual faces risks in both current and … unambiguously reduce risk, and decision makers might demand more insurance when there is a positive loading on the premium than when … the insurance price is actuarially fair. We compare the demand for insurance in our framework with that in a two …
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Using data from the US automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic importance, market dynamics, and the significant...
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