지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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This paper applies the subsets of the change in first-degree stochastic dominance (FSD) shifts to the insurance model for the risk-averse agent. An individual faced with the change in the distribution of the random damage will demand more insurance to protect his initial wealth. This widespread belief depends on the preference of the decision-maker and the restrictions on the change in the cumulative distribution functions (CDFs) or the probability density functions (PDs).
This paper shows that the risk-averse decision makers buy a greater insurance coverage for the subset of FSD shifts including a left-side relatively weak first-degree stochastic dominance shift. This general comparative static statement can be also investigated in other problems such as the standard portfolio model or the competitive firm model under uncertainty which has a linear payoff.
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참고문헌 (23)
참고문헌 신청
Alarie, Y. / 1992 / Increases in Risk and the Demand for Insurance, In Contributions to Insurance Economics / Kluwer Academic Publishers : 275 ~ 290
Black, J. M. / 1989 / A Ratio Criterion for Signing the Effect of an Increase in Uncertainty / International Economic Review 30 : 119 ~ 130
Briys, E. / 1989 / More on Insurance as a Giffen Good / J ournal of Risk and Uncertainty 2 (4) : 415 ~ 420
Diamond, P. A. / 1974 / Increases in Risk and in Risk Aversion / J ournal of Economic Theory 8 (3) : 337 ~ 360
Dionne, G. / 1987 / Proportional Risk Aversion, Taxation and Labor Supply under Uncertainty / J ournal of Economics 47 (4) : 353 ~ 366
Black, J. M. / 1989 / A Ratio Criterion for Signing the Effect of an Increase in Uncertainty / International Economic Review 30 : 119 ~ 130
Briys, E. / 1989 / More on Insurance as a Giffen Good / J ournal of Risk and Uncertainty 2 (4) : 415 ~ 420
Diamond, P. A. / 1974 / Increases in Risk and in Risk Aversion / J ournal of Economic Theory 8 (3) : 337 ~ 360
Dionne, G. / 1987 / Proportional Risk Aversion, Taxation and Labor Supply under Uncertainty / J ournal of Economics 47 (4) : 353 ~ 366
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