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Effects of insurance premium and deductible on production

✍ Scribed by Li-Hua Lai

Book ID
108226246
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
188 KB
Volume
12
Category
Article
ISSN
1468-1218

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πŸ“œ SIMILAR VOLUMES

Deductible insurance and production: A c
Deductible insurance and production: A comment
✍ Christian Gollier πŸ“‚ Article πŸ“… 1996 πŸ› Elsevier Science 🌐 English βš– 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.