More on Insurance As a Giffen Good

E. Briys, G. Dionne and Louis Eeckhoudt

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: In This Paper, We Generalize Hoy and Robson (1981) Analysis and We Provide a Necessary and Sufficient Condition for Insurance Not to Be Giffen. the Condition Gives a Bound for the Variation of the Absolute Risk Avesion Which Pemits the Wealth Effect to Be Always Dominated by the Subsitution Effect.

Keywords: Risk Aversion; Insurance (search for similar items in EconPapers)
Date: Written 1988

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Related works:
Working Paper: MORE ON INSURANCE AS A GIFFEN GOOD (1988)
Journal Article: More on Insurance as a Giffen Good (1989)
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Persistent link: http://EconPapers.repec.org/RePEc:mtl:montde:8813

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