Precautionary saving in the presence of other risks

DOI10.1007/S00199-006-0178-3MaRDI QIDQ2373377zbMATHOpenAlexFDO

Authors Christophe Courbage, Béatrice Rey

Publication date 19 July 2007

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-006-0178-3

zbMATH Keywords

Precautionary savingPrudenceBackground riskCorrelated risksBivariate utility function

Mathematics Subject Classification ID

Measures of association (correlation, canonical correlation, etc.) (62H20) Consumer behavior, demand theory (91B42)

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Cites work

• A note on optimal insurance in the presence of a nonpecuniary background risk
• An Intertemporal General Equilibrium Model of Asset Prices
• Changes in Background Risk and Risk Taking Behavior
• On risk aversion with two risks
• Risk Aversion with Random Initial Wealth
• Risk Vulnerability and the Tempering Effect of Background Risk
• Saving under rank-dependent utility
• Some Concepts of Dependence

Cited in

(28)

• Bivariate almost stochastic dominance
• The marginal propensity to consume and multidimensional risk
• Precautionary paying for stochastic improvements under background risks
• Labor supply with stochastic wage rate and non-labor income uncertainty
• Pigouvian tax, abatement policies and uncertainty on the environment
• Risk premium for dependent risks using utility copulas and risk aversion
• Risk and savings: a taxonomy
• Precautionary saving in the presence of labor income and interest rate risks
• Risk management and wealth accumulation behavior in France
• Optimal saving in the presence of two risks
• Precautionary saving and risk aversion: an anticipated utility approach
• Information shocks and precautionary saving
• On multivariate prudence
• On the conditions for precautionary saving
• Intensity of preferences for bivariate risk apportionment
• Precautionary saving and the notion of ambiguity prudence
• Precautionary wealth accumulation: A positive third derivative is not enough
• Precautionary self-insurance-cum-protection
• Correlated risks, bivariate utility and optimal choices
• Preservation of risk in capital markets
• Precautionary saving: a taxonomy of prudence
• CDF formulation for solving an optimal reinsurance problem
• Precautionary saving in the presence of other risks: a comment
• Precautionary saving under many risks
• Risk aversion, prudence and mixed optimal saving models
• Saving motives and multivariate precautionary premia
• Comparative ross risk aversion in the presence of mean dependent risks
• Background risk, bivariate risk attitudes, and optimal prevention

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