preferences for intertemporal substitution, aversion to risk, and aversion to (spatial) inequality. While these three concepts are … necessarily identical in the standard model, this need not be so: well-known models already enable risk to be separated from … surveying the attitudes of over 3000 people to risk, income inequality over space and income inequality over time. The results …

preferences for intertemporal substitution, aversion to risk, and aversion to (spatial) inequality. While these three concepts are … necessarily identical in the standard model, this need not be so: well-known models already enable risk to be separated from … surveying the attitudes of over 3000 people to risk, income inequality over space and income inequality over time. The results …

insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting … decision to insure will depend on whether the benefits the insuree derives from insurance after having compensated the damaged …