Flexibility, endogenous risk, and the protection premium

DOI10.1007/BF01083167zbMATH Open0826.90034MaRDI QIDQ1891663FDOQ1891663

Authors: Sergio H. Lence, Bruce A. Babcock 

Publication date: 23 November 1995

Published in: Theory and Decision (Search for Journal in Brave)

Recommendations

• Risk aversion and self-insurance-cum-protection
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• Eliciting risk preferences and elasticity of substitution
• Risk premia in general equilibrium

zbMATH Keywords

flexibilitywillingness to payendogenous riskprotection premia

Mathematics Subject Classification ID

Cites Work

• Temporal von Neumann-Morgenstern and induced preferences
• Risk Aversion in the Small and in the Large
• Self-insurance, self-protection and increased risk aversion
• Endogenous risk and protection premiums

Cited In (2)

• Prudence and preference for flexibility gain
• Conditional payments and self-protection

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