๐”– Bobbio Scriptorium
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A simple insurance model: optimal coverage and deductible

โœ Scribed by Gaffney, Christopher; Ben-Israel, Adi


Book ID
125355339
Publisher
Springer US
Year
2013
Tongue
English
Weight
752 KB
Volume
237
Category
Article
ISSN
0254-5330

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๐Ÿ“œ SIMILAR VOLUMES


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โœ George G. Szpiro ๐Ÿ“‚ Article ๐Ÿ“… 1985 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 611 KB
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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.