Optimal prevention and other risks in a two-period model

Christophe Courbage and Beatrice Rey ()

Mathematical Social Sciences, 2012, vol. 63, issue 3, 213-217

Abstract: In this paper, we look at how the presence of other risks modifies the optimal level of prevention to protect against one risk. We carry out our analysis in a two-period framework and use various configurations of other risks defined either in the first or second period, as state-independent or state-dependent. We show that results differ depending on both the nature of the other risks and the properties of the utility function.

Date: 2012
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Citations: View citations in EconPapers (30)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:63:y:2012:i:3:p:213-217

DOI: 10.1016/j.mathsocsci.2011.12.001

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