๐”– Bobbio Scriptorium
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More on credit insurance strategies

Book ID
101719520
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
293 KB
Volume
15
Category
Article
ISSN
8756-6079

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๐Ÿ“œ SIMILAR VOLUMES

More on insurance as a Giffen good
More on insurance as a Giffen good
โœ Eric Briys; Georges Dionne; Louis Eeckhoudt ๐Ÿ“‚ Article ๐Ÿ“… 1989 ๐Ÿ› Springer ๐ŸŒ English โš– 222 KB

In this article, we generalize the Hoy and Robson (1981) analysis and provide a necessary and sufficient condition for insurance not to be a Giffen good. The condition gives a bound for the variation of absolute risk aversion that permits the wealth effect to be always dominated by the substitution