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  • 1
    Electronic Resource
    Electronic Resource
    Beneficial changes in random variables under multiple sources of risk and their comparative statics (1992)
    Springer
    The Geneva risk and insurance review 17 (1992), S. 7-191 
    Details
    ISSN: 1554-9658
    Keywords: Risk ; Insurance Demand ; Deterministic Transformations ; Stochastic Dominance ; Expected Utility
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The consequences of a change in a random parameter are determined for a decision model with more than one source of randomness. The two cases of independent and stochastically dependent sources of risk are discussed. Four comparative static theorems are given. These state the effect of first degree stochastically dominant shifts or risk decreases for one random variable while the other random variable is held fixed. Deterministic transformations are used to represent random parameter changes. The results are presented in the context of the coinsurance demand model with a risky insurable asset and background risk.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00941954
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  • 2
    Electronic Resource
    Electronic Resource
    Analyzing the Demand for Deductible Insurance (1999)
    Springer
    Journal of risk and uncertainty 18 (1999), S. 223-230 
    Details
    ISSN: 1573-0476
    Keywords: deductible insurance ; second order conditions
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper investigates aspects of insurance demand related to deductible insurance. In particular, an important issue concerning analysis of the optimal deductible level is resolved. A simple sufficient restriction on the pricing of insurance is given which ensures that the second order condition for choosing the expected utility maximizing deductible level is met for any risk averse decision maker. This restriction is stated and its sufficiency is demonstrated using the level of expected indemnification rather than the level of the deductible as the choice variable in the decision model.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007899711255
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    Paper (German National Licenses)
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