When can harms disaggregation imply precautionary effort?
Document Type
Conference paper
Source Publication
Proceedings of 2014 China International Conference On Insurance And Risk Management
Publication Date
2015
First Page
596
Last Page
600
Publisher
Tsinghua University Press
Abstract
This paper proposes a comparative statics analysis for precautionary effort via Eeckhoudt and Schlesinger (2006)'s harms disaggregation idea. Within an expected-utility framework, we show that prudence alone implies precautionary effort.
Additional Information
Paper presented at the 5th China International Conference on Insurance and Risk Management (CICIRM), Jul 23-26, 2014, Shenzhen, China.
ISBN of the source publication: 9787893952586
Language
English
Recommended Citation
Wang, J., & Li, J. (2015). When can harms disaggregation imply precautionary effort? In Proceedings of 2014 China International Conference On Insurance And Risk Management (pp. 596-600). Beijing: Tsinghua University Press.