More on Insurance as a Giffen Good

Eric Briys, Georges Dionne () and Louis Eeckhoudt

Journal of Risk and Uncertainty, 1989, vol. 2, issue 4, 415-20

Abstract: In this article, we generalize the Hoy and Robson (1981) analysis and provide a necessary and sufficient condition for insurance not to be a Giffen good. The condition gives a bound for the variation of absolute risk aversion that permits the wealth effect to be always dominated by the substitution effect. Copyright 1989 by Kluwer Academic Publishers

Date: 1989
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Working Paper: More on Insurance As a Giffen Good (1988)
Working Paper: MORE ON INSURANCE AS A GIFFEN GOOD (1988)
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