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Risk-aversion and prudence in rent-seeking games

โœ Scribed by Nicolas Treich


Publisher
Springer US
Year
2009
Tongue
English
Weight
341 KB
Volume
145
Category
Article
ISSN
0048-5829

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Allocating health care resources under r
โœ Phuong Bui; David Crainich; Louis Eeckhoudt ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 108 KB

In a recent contribution to this journal, M. Hoel correctly shows that under risk aversion the allocation of health resources should be directed to health conditions for which the expected outcomes are below average. In this letter we show that besides risk aversion, the degree of absolute prudence