Optimal prevention and prudence in a two-period model

被引：69

作者：

Menegatti, Mario ^{[1
]}

机构：

[1] Univ Parma, Dipartimento Econ, I-43100 Parma, Italy

来源：

MATHEMATICAL SOCIAL SCIENCES | 2009年 / 58卷 / 03期

关键词：

Prevention; Prudence; Risk; SELF-INSURANCE; RISK;

D O I：

10.1016/j.mathsocsci.2009.07.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This work shows that, in a two-period framework, prudence has a positive effect on optimal prevention. This conclusion is the opposite to that obtained in a one-period framework [Eeckhoudt L, Gollier C., 2005. The impact of prudence on optimal prevention. Economic Theory 26,989-994]. This is due to the opposite effect of prevention on wealth in the period where the risk occurs. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：393 / 397

页数：5

共 7 条

[1] RISK-AVERSION AND THE PROPENSITIES FOR SELF-INSURANCE AND SELF-PROTECTION [J].