Multivariate prevention decisions: Safe today or sorry tomorrow?

Annette Hofmann and Richard Peter

Economics Letters, 2015, vol. 128, issue C, 51-53

Abstract: We study multivariate prevention decisions by disentangling early and late prevention. We show how the modularity of prevention and several measures of prevention efficiency interact with the agent’s risk attitude. We derive comparative statics with respect to impatience, loss severity, and income.

Keywords: Prevention; Decision-making under risk; Intertemporal risk management (search for similar items in EconPapers)
JEL-codes: D61 D81 D91 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:128:y:2015:i:c:p:51-53

DOI: 10.1016/j.econlet.2015.01.016

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