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A Note on Deductible Insurance and Production

โœ Scribed by Machnes, Yaffa ;Wong, Kit Pong

Book ID
110415582
Publisher
Springer
Year
2003
Tongue
English
Weight
70 KB
Volume
28
Category
Article
ISSN
1573-6954

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๐Ÿ“œ SIMILAR VOLUMES

Deductible insurance and production
Deductible insurance and production
โœ Yaffa Machnes ๐Ÿ“‚ Article ๐Ÿ“… 1995 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 336 KB
Deductible insurance and production: A c
Deductible insurance and production: A comment
โœ Christian Gollier ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 286 KB

We consider a risk-averse firm facing output price uncertainty. Contrary to Machnes (1995), we show that a fair deductible insurance does not need to increase the optimal level of output. We provide some sufficient conditions to obtain an unambiguous comparative static effect.