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Spatial externalities and risk in interdependent security games

Kroll, Stephan; Shafran, Aric P. - In: Journal of risk and uncertainty : JRU 56 (2018) 3, pp. 237-257

Persistent link: https://www.econbiz.de/10012022878

Shafran, Aric P. - In: Economics Bulletin 30 (2010) 3, pp. 1950-1962

This paper analyzes the behavior of subjects in interdependent security experiments which exhibit strategic … complementarity. In these experiments, subjects decide whether to pay to mitigate the risk of a loss, but the exact risk depends on … mitigation. Subjects in the interdependent security experiments rarely coordinate on the efficient equilibrium. Coordination is …

Persistent link: https://www.econbiz.de/10008539670

Valuing insurance against small probability risks : a meta-analysis

Mankaï, Selim; Marchand, Sébastien; Le Ngoc Ha - In: Journal of behavioral and experimental economics 109 (2024), pp. 1-18

Persistent link: https://www.econbiz.de/10014528000

Self-Insurance and Self-Protection as Public Goods

Schmidt, Ulrich; Robledo, Julio R.; Lohse, Tim - 2007

Many public goods like lighthouses and fire departments do not provide direct utility but act as insurance devices against shipwreck and destruction. They either diminish the size and/or the probability of the loss. We extend the public good model with this insurance aspect and generalize...

Persistent link: https://www.econbiz.de/10010296280

Trade agreements as self-protection

Pédussel Wu, Jennifer - 2002

Risks that are associated with an uncertain trading world have been dealt with using two different techniques in the literature: defensive, or insurance approaches, and preventive, or self-protection approaches. Much of the earlier work was emphasized by security issues but with the end of the...

Persistent link: https://www.econbiz.de/10010301234

The Impact of Ambiguity Prudence on Insurance and Prevention

Berger, Loïc - 2015

Most decisions concerning (self-)insurance and self-protection have to be taken in situations in which a) the effort exerted precedes the moment uncertainty realises, and b) the probabilities of future states of the world are not perfectly known. By integrating these two characteristics in a...

Persistent link: https://www.econbiz.de/10011307250

Self-insurance, self-protection, and increased risk aversion: An intertemporal reinvestigation

Hofmann, Annette; Peter, Richard - 2012

This paper studies the effect of increased risk aversion on self-insurance and self-protection in a two-period framework. Here risk management incentives and consumption smoothing incentives are traded off, and the monotonic relationship between self-insurance and risk aversion may no longer...

Persistent link: https://www.econbiz.de/10010324289

Self-protection as a limit to strategic delegation in the context of global pollution problems

Heuson, Clemens - 2013

This paper analyses the outcome of non-cooperative national efforts in combatting global pollu-tion problems when governments are elected by their citizens. It is well-known that the latter tend to vote governments that are less 'green' than the median voter in order to commit to lower national...

Persistent link: https://www.econbiz.de/10010327531

Why Do Some Motorbike Riders Wear a Helmet and Others Don't? Evidence from Delhi, India

Grimm, Michael; Treibich, Carole - 2014

We focus on helmet use behavior among motorbike users in Delhi. We use a detailed data set collected for the purpose of the study. To guide our empirical analysis, we rely on a simple model in which drivers decide on self-protection and self-insurance. The empirical findings suggest that risk...

Persistent link: https://www.econbiz.de/10010352304

Looking for a guide to protect the environment: The development of the precautionary principle

Immordino, Giovanni - 2000

If the precautionary principle must become the guide of the international community for environmental protection policies, an economic interpretation of the principle is in order. The analysis of case studies and a survey of the recent decision theoretic literature show on the one hand, the...

Persistent link: https://www.econbiz.de/10011608581

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