and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …

nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In … general, people are not risk averse anymore even if utility from divisible consumption is concave. I propose a definition of …Some consumption opportunities, e.g. medical treatments, are both indivisible and only valuable in particular states of …

, there has been a tendency to increase the consumption of vegetables among Romanians, this being attributed to the increase …

consumption to a 'surprise' term in permanent income as well as past values of consumption growth. We can interpret this … income growth measuring the excess sensitivity of consumption with respect to income changes and thus the degree of liquidity … for the asymmetry in the income-consumption path for German regions both with respect to the long and short run adjustment …

Higher order risk preferences are well-known for their relation with precautionary saving or portfolio allocation … measures of higher order risk preferences with field behavior. Field behavior is collected in an extensive survey, where we … focus on general risk taking, the environmental and the health domain, particularly on addictive behavior. Using a novel …

-Geary preferences with a minimum subsistence level of consumption. We provide a closed form solution for the case of Cobb …