Background risk and self-protection

被引:7
作者
Lee, Kangoh [1 ]
机构
[1] San Diego State Univ, Dept Econ, San Diego, CA 92182 USA
关键词
Self-protection; Background risk; Prudence; OPTIMAL INSURANCE; AVERSION; WEALTH;
D O I
10.1016/j.econlet.2011.10.018
中图分类号
F [经济];
学科分类号
02 ;
摘要
The presence of background risk increases self-protection effort or caution as long as an agent is prudent. In addition, the result extends to monetary self-protection investment if wealth and consumption are complements. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:262 / 264
页数:3
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