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.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of 2014 China International Conference On Insurance And Risk Management |
| Publisher | Tsinghua University Press |
| Pages | 596-600 |
| Number of pages | 5 |
| Publication status | Published - 1 Jan 2015 |
Bibliographical note
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