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http://worldcat.org/entity/work/id/63250596

Self-protection and insurance with interdependencies

"We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing in self-protection implies that, in equilibrium, individuals underinvest in self-protection. Limiting insurance coverage through deductibles can partially internalize this externality and thereby improve individual and social welfare"--National Bureau of Economic Research web site.

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http://schema.org/description

  • ""We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing in self-protection implies that, in equilibrium, individuals underinvest in self-protection. Limiting insurance coverage through deductibles can partially internalize this externality and thereby improve individual and social welfare"--National Bureau of Economic Research web site."@en
  • "We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing in self-protection implies that, in equilibrium, individuals underinvest in self-protection. Limiting insurance coverage through deductibles can partially internalize this externality and thereby improve individual and social welfare."

http://schema.org/name

  • "Self-protection and insurance with interdependencies"@en
  • "Self-protection and insurance with interdependencies"
  • "Self-Protection and Insurance with Interdependencies"@en
  • "Self-Protection and Insurance with Interdependencies"