083021 (M12) A note on increased probability of loss and the demand for insurance : Jang Y.S., Hadar J., The Geneva Papers on Risk and Insurance Theory, Volume 20, N° 2, 1995, pp. 213–216

083020 (M12) Demand for insurance in a p

083020 (M12) Demand for insurance in a portfolio setting : Meyer J., Ormiston M.B., The Geneva Papers on Risk and Insurance Theory, Volume 20, N° 2, 1995, pp. 203–211

📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 89 KB

This paper takes an additional step toward analyzing the demand for insurance in the context of a portfolio model. An investor is endowed with a portfolio containing a risky and riskless asset that can be augmented by purchasing insurance. Here, insurance is paid for by reducing the quantity of the