Insurance, Prevention and Macroeconomics
The purpose of this paper is to study the prevention impact upon the economic dynamics. We use an overlapping-generations model with production in which we have introduced a financial loss for households. This risk is endogenous and depends on the individual prevention levels. The dynamic paths are described either in an economy without insurance, or in an economy with insurance where the information is or is not perfect.
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|Date of creation:||1999|
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