Briys, E.; Dionne, G.; Eeckhoudt, L. - Département de Sciences Économiques, Université de … - 1988
In This Paper, We Generalize Hoy and Robson (1981) Analysis and We Provide a Necessary and Sufficient Condition for Insurance Not to Be Giffen. the Condition Gives a Bound for the Variation of the Absolute Risk Avesion Which Pemits the Wealth Effect to Be Always Dominated by the Subsitution Effect.