On the willingness to pay to reduce risks of small losses
Author
Abstract
Suggested Citation
DOI: 10.1007/s00712-008-0016-0
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Bleichrodt, Han & Crainich, David & Eeckhoudt, Louis, 2003.
"Comorbidities and the willingness to pay for health improvements,"
Journal of Public Economics, Elsevier, vol. 87(11), pages 2399-2406, October.
- BLEICHRODT, Han & CRAINICH, David & EECKHOUDT, Louis, 2003. "Comorbidities and the willingness to pay for health improvements," LIDAM Reprints CORE 1699, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Bruno Jullien & Bernard Salanié & François Salanié, 1999.
"Should More Risk-Averse Agents Exert More Effort?,"
The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 24(1), pages 19-28, June.
- Bruno Jullien & Bernard Salanié & François Salanié, 1998. "Should More Risk-Averse Agents Exert More Effort," Working Papers 98-12, Center for Research in Economics and Statistics.
- Jullien, B. & Salanie, B. & Salanie, F., 1998. "Should More Risk-Averse Agents Exert More Effort?," Papers 98.489, Toulouse - GREMAQ.
- Eeckhoudt, Louis R. & Hammitt, James K., 2004.
"Does risk aversion increase the value of mortality risk?,"
Journal of Environmental Economics and Management, Elsevier, vol. 47(1), pages 13-29, January.
- EECKHOUDT, Louis & HAMMITT, James, 2004. "Does risk aversion increase the value of mortality risk?," LIDAM Reprints CORE 1698, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Eeckhoudt, Louis R & Hammitt, James K, 2001. "Background Risks and the Value of a Statistical Life," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 261-279, November.
- Dionne, Georges & Eeckhoudt, Louis, 1985.
"Self-insurance, self-protection and increased risk aversion,"
Economics Letters, Elsevier, vol. 17(1-2), pages 39-42.
- Dionne, G. & Eeckhoudt, L., 1984. "Self-Insurance, Self-Protection and Increased Risk Aversion," Cahiers de recherche 8424, Universite de Montreal, Departement de sciences economiques.
- DIONNE, George & EECKHOUDT, Louis, 1985. "Self-insurance, self-protection and increased risk aversion," LIDAM Reprints CORE 623, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Kihlstrom, Richard E & Romer, David & Williams, Steve, 1981. "Risk Aversion with Random Initial Wealth," Econometrica, Econometric Society, vol. 49(4), pages 911-920, June.
- Eeckhoudt, L. & Godfroid, Ph. & Gollier, C., 1997. "Willingness to pay, the risk premium and risk aversion," Economics Letters, Elsevier, vol. 55(3), pages 355-360, September.
- Arthur Hau, 1999. "A Note on Insurance Coverage in Incomplete Markets," Southern Economic Journal, John Wiley & Sons, vol. 66(2), pages 433-441, October.
- Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
- Gollier, Christian & Pratt, John W, 1996. "Risk Vulnerability and the Tempering Effect of Background Risk," Econometrica, Econometric Society, vol. 64(5), pages 1109-1123, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Bendul, Julia C. & Skorna, Alexander C.H., 2016. "Exploring impact factors of shippers’ risk prevention activities: A European survey in transportation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 90(C), pages 206-223.
- Maddalena Ferranna, 2017. "Does Inefficient Risk Sharing Increase Public Self-Protection?," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(1), pages 59-85, March.
- Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013.
"Prevention and precaution,"
TSE Working Papers
13-445, Toulouse School of Economics (TSE).
- Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," IDEI Working Papers 805, Institut d'Économie Industrielle (IDEI), Toulouse.
- Richard Peter, 2024. "The economics of self-protection," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 49(1), pages 6-35, March.
- Maddalena Ferranna, 2017. "Does Inefficient Risk Sharing Increase Public Self-Protection?," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(1), pages 59-85, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013.
"Prevention and precaution,"
TSE Working Papers
13-445, Toulouse School of Economics (TSE).
- Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," IDEI Working Papers 805, Institut d'Économie Industrielle (IDEI), Toulouse.
- Christian Gollier & James Hammitt & Nicolas Treich, 2013.
"Risk and choice: A research saga,"
Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
- Gollier, Christian & Hammitt, James K. & Treich, Nicolas, 2013. "Risk and Choice: A Research Saga," IDEI Working Papers 804, Institut d'Économie Industrielle (IDEI), Toulouse.
- Gollier, Christian & Hammitt, James K. & Treich, Nicolas, 2013. "Risk and Choice: A Research Saga," TSE Working Papers 13-444, Toulouse School of Economics (TSE).
- Courbage, Christophe & Rey, Béatrice, 2012. "Optimal prevention and other risks in a two-period model," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 213-217.
- Richard Peter, 2024. "The economics of self-protection," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 49(1), pages 6-35, March.
- Mario Menegatti, 2014. "Optimal choice on prevention and cure: a new economic analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 15(4), pages 363-372, May.
- Maddalena Ferranna, 2017. "Does Inefficient Risk Sharing Increase Public Self-Protection?," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(1), pages 59-85, March.
- David Crainich & Louis Eeckhoudt, 2017.
"Average willingness to pay for disease prevention with personalized health information,"
Journal of Risk and Uncertainty, Springer, vol. 55(1), pages 29-39, August.
- David Crainich & Louis Eeckhoudt, 2016. "Average willingness to pay for disease prevention with personalized health information," Working Papers 2016-EQM-02, IESEG School of Management.
- David Crainich & Louis Eeckhoudt, 2017. "Average willingness to pay for disease prevention with personalized health information," Post-Print hal-01744522, HAL.
- David Crainich & Louis Eeckhoudt & James Hammitt, 2015.
"The value of risk reduction: new tools for an old problem,"
Theory and Decision, Springer, vol. 79(3), pages 403-413, November.
- David Crainich & Louis Eeckhoudt & James K. Hammitt, 2013. "The Value of Risk Reduction: New Tools for an Old Problem," Working Papers 2013-ECO-13, IESEG School of Management.
- David Crainich & Louis R. Eeckhoudt & James K. Hammitt, 2014. "The value of risk reduction: new tools for an old problem," Post-Print hal-01533560, HAL.
- Kangoh Lee, 2005. "Wealth Effects on Self-Insurance and Self-Protection against Monetary and Nonmonetary Losses," The Geneva Papers on Risk and Insurance Theory, Springer;International Association for the Study of Insurance Economics (The Geneva Association), vol. 30(2), pages 147-159, December.
- Liqun Liu & Andrew Rettenmaier & Thomas Saving, 2009. "Conditional payments and self-protection," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 159-172, April.
- Malevergne, Y. & Rey, B., 2009.
"On cross-risk vulnerability,"
Insurance: Mathematics and Economics, Elsevier, vol. 45(2), pages 224-229, October.
- Yannick Malevergne & B. Rey, 2009. "On cross-risk vulnerability," Post-Print hal-02312539, HAL.
- Yannick Malevergne & Béatrice Rey, 2009. "On Cross-risk Vulnerability," Post-Print halshs-00520050, HAL.
- Donald Meyer & Jack Meyer, 2010. "Excluded losses and the demand for insurance," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 1-18, August.
- Maddalena Ferranna, 2017. "Does Inefficient Risk Sharing Increase Public Self-Protection?," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 42(1), pages 59-85, March.
- Christophe Courbage & Béatrice Rey, 2006. "Prudence and optimal prevention for health risks," Health Economics, John Wiley & Sons, Ltd., vol. 15(12), pages 1323-1327, December.
- Henri Loubergé, 1998. "Risk and Insurance Economics 25 Years After," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 23(4), pages 540-567, October.
- Strand, Jon, 2006. "Valuation of environmental improvements in continuous time with mortality and morbidity effects," Resource and Energy Economics, Elsevier, vol. 28(3), pages 229-241, August.
- Thomas Eichner & Andreas Wagener, 2002. "Increases in Risk and the Welfare State," CESifo Working Paper Series 685, CESifo.
- Bommier, Antoine & Lanz, Bruno & Zuber, Stéphane, 2015.
"Models-as-usual for unusual risks? On the value of catastrophic climate change,"
Journal of Environmental Economics and Management, Elsevier, vol. 74(C), pages 1-22.
- Antoine Bommier & Bruno Lanz & Stéphane Zuber, 2013. "Models-as-Usual for Unusual Risks? On the Value of Catastrophic Climate Change," CIES Research Paper series 21-2013, Centre for International Environmental Studies, The Graduate Institute.
- Stéphane Zuber & Bruno Lanz & Antoine Bommier, 2015. "Models-as-usual for unusual risks? On the value of catastrophic climate change," Post-Print hal-01199503, HAL.
- Stéphane Zuber & Bruno Lanz & Antoine Bommier, 2015. "Models-as-usual for unusual risks? On the value of catastrophic climate change," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01199503, HAL.
- Antoine Bommier & Bruno Lanz & Stéphane Zuber, 2014. "Models-as-Usual for Unusual Risks? On the Value of Catastrophic Climate Change," Post-Print halshs-00973491, HAL.
- Stéphane Zuber & Bruno Lanz & Antoine Bommier, 2015. "Models-as-usual for unusual risks? On the value of catastrophic climate change," PSE-Ecole d'économie de Paris (Postprint) hal-01199503, HAL.
- Antoine Bommier & Bruno Lanz & Stéphane Zuber, 2014. "Models-as-Usual for Unusual Risks? On the Value of Catastrophic Climate Change," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00973491, HAL.
- Goytom Abraha Kahsay & Daniel Osberghaus, 2018. "Storm Damage and Risk Preferences: Panel Evidence from Germany," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 301-318, September.
- Attema, Arthur E. & l’Haridon, Olivier & van de Kuilen, Gijs, 2019.
"Measuring multivariate risk preferences in the health domain,"
Journal of Health Economics, Elsevier, vol. 64(C), pages 15-24.
- Arthur Attema & Olivier L’haridon & Gijs van de Kuilen, 2019. "Measuring Multivariate Risk Preferences in the Health Domain," Post-Print halshs-01970236, HAL.
More about this item
Keywords
Willingness to pay; Small loss; Risk aversion; Background risk; D81;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jeczfn:v:95:y:2008:i:1:p:75-82. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.