Insurance and decision-taking

Yaffa Machnes

doi:10.1016/0165-1765(94)00592-P

Insurance and decision-taking

Yaffa Machnes

Department of Economics

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

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 language	English
Pages (from-to)	139-144
Number of pages	6
Journal	Economics Letters
Volume	48
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(94)00592-P
State	Published - May 1995

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Insurance and decision-taking

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