More on Insurance, Protection, and Risk
AbstractIn a Previous Article (1983), We Indicated That Three Factors Affect the Individual's Choice of Self-Protection Activities, Self-Insurance Activities and Market Insurance: 1- Their Efficiency in Reducing Expected Loss 2- Their Relative Cost 3- and Their Relative Impact on Risk We Proposed a Methodology to Analyse the 'Risk Factor' Involved in Those Choices. Our Results Were Criticized by Chang and Ehrlich (1985). the Object of This Paper Is to Show That the Analyses in Both Articles Are Complementary Instead of Being Conflicting. the Main Difference Between Our Article and Chang and Ehrlich's Article Is That We Focussed Our Analysis on Isolating the Risk Factor by Controlling for the Other Factors While Chang and Ehrlich Did Not Isolate Explicitly Any Factor in Their Analysis of the Relationships Between Self-Insurance Self-Protection and Market Insurance As Chosen by a Risk Averse Individual.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Canadian Economics Association in its journal Canadian Journal of Economics.
Volume (Year): 22 (1989)
Issue (Month): 1 (February)
Contact details of provider:
Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
Web page: http://economics.ca/cje/
More information through EDIRC
Other versions of this item:
- Boyer, M. & Dionne, G., 1988. "More On Insurance, Protection And Risk," Cahiers de recherche 8806, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Boyer, M. & Dionne, G., 1988. "More on Insurance, Protection and Risk," Cahiers de recherche 8806, Universite de Montreal, Departement de sciences economiques.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Christophe Courbage & Béatrice Rey, 2006. "Prudence and optimal prevention for health risks," Health Economics, John Wiley & Sons, Ltd., vol. 15(12), pages 1323-1327.
- Machina, Mark J, 2000. "Payoff Kinks in Preferences Over Lotteries," University of California at San Diego, Economics Working Paper Series qt7vn7d2hs, Department of Economics, UC San Diego.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Werner Antweiler).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.