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    Electronic Resource
    Electronic Resource
    Self-insurance and self-protection: A nonexpected utility analysis (1993)
    Springer
    The Geneva risk and insurance review 18 (1993), S. 131-146 
    Details
    ISSN: 1554-9658
    Keywords: Self-Insurance ; Self-Protection ; Rank-Dependent Utility ; Limited Liability
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper studies the comparative statics of self-insurance and self-protection for individuals with rank-dependent expected utility preferences. In particular, proportional wealth risks, background risk, and limited liability are considered. Limited liability has a major impact on self-insurance and self-protection. It can reverse seemingly robust comparative static results for the case of self-insurance and can eliminate some puzzling ambiguities for the case of self-protection.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01111466
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