Insurance and decision-taking

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


In this paper we show how the holding of an insurance contract influences the choice variable of a decision-taker. We analyze two decision problems: optimal saving by consumers, and optimal production by firms. We find an unambiguous sign change in the decision variable under common assumptions about the utility of decision-takers.

Original languageEnglish
Pages (from-to)139-144
Number of pages6
JournalEconomics Letters
Issue number2
StatePublished - May 1995


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