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Deductible insurance and production: A comment

โœ Scribed by Christian Gollier


Publisher
Elsevier Science
Year
1996
Tongue
English
Weight
286 KB
Volume
19
Category
Article
ISSN
0167-6687

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โœฆ Synopsis


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.


๐Ÿ“œ SIMILAR VOLUMES


Deductible insurance and production
โœ Yaffa Machnes ๐Ÿ“‚ Article ๐Ÿ“… 1995 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 336 KB