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Alary, David
, Gollier, Christian and Treich, Nicolas
(2011)
The Effect of Ambiguity Aversion on Insurance and Self-protection.
, Toulouse
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Official URL : http://tse-fr.eu/pub/23503
Abstract
In this paper, we show that ambiguity aversion always raises the
demand for self-insurance and the insurance coverage, but may de-
crease the demand for self-protection. We also characterize the opti-
mal insurance design under ambiguity aversion, and exhibit a case in
which the straight deductible contract is optimal as in the expected
utility model.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | 2011 |
| Place of Publication: | Toulouse |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse 1 Capitole |
| Site: | UT1 |
| Date Deposited: | 09 Jul 2014 17:15 |
| Last Modified: | 02 Apr 2021 15:47 |
| OAI Identifier: | oai:tse-fr.eu:23503 |
| URI: | https://publications.ut-capitole.fr/id/eprint/15078 |
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