Self-Insurance and Self-Protection: A Nonexpected Utility Analysis

Kai A. Konrad, Stergios Skaperdas

Tóm tắt

Từ khóa


Tài liệu tham khảo

ALLAIS, M. [1953]: ?Le Comportement de l'Homme Rationnel devant le Risque,?Econometrica, 21, 503?546.

AUMANN, R.J. and KURZ, M. [1977]: ?Power and Taxes,?Econometrica, 45, 1137?1161.

BRIYS, E. and SCHLESINGER, H. [1990]: ?Risk Aversion and the Propensities for Self-Insurance and Self-Protection,?Southern Economic Journal, 57, 458?467.

BRIYS, E., SCHLESINGER, H., and SCHULENBURG, J.-M. Graf v.d. [1991]: ?Reliability of Risk Management: Market Insurance, Self-Insurance, and Self-Protection Reconsidered,?Geneva Papers on Risk and Insurance Theory, 16, 45?58.

CAMERER, C. [1989]: ?An Experimental Test of Several General Utility Theories,?Journal of Risk and Uncertainty, 2, 61?104.

CHEW, S.H. [1989]: ?An Axiomatic Generalization of the Quasilinear Mean and the Gini Mean with Application to Decision Theory,? working paper, University of California, Irvine.

CHEW, S.H. and HERK, L.E. [1990]: ?Inertia, Risk Spreading, and the Arrow-Lind Theorem,? working paper, University of California, Irvine.

CHEW, S.H., KARNI, E., and SAFRA, Z. [1987]: ?Risk Aversion in the Theory of Expected Utility with Rank Dependent Probabilities,?Journal of Economic Theory, 42, 370?381.

CHEW, S.H. and KONRAD, K.A. [1992]: ?Bandwagon Effects in Two-Party Majority Voting,? London School of Economics discussion paper TIDI 156.

CONLISK, J. [1989]: ?Three Variants of the Allais Example,?American Economic Review, 79, 392?407.

DIONNE, G. and EECKHOUDT, L. [1985]: ?Self-Insurance, Self-Protection and Increased Risk Aversion,?Economics Letters, 17, 39?42.

DIXIT, A. [1987]: ?Strategic Behavior in Contests,?American Economic Review, 77, 891?898.

DOHERTY, N.A. and EECKHOUDT, L.R. [1992]: ?Optimal Insurance Without Expected Utility: The Dual Theory and the Linearity of Insurance Contracts,? working paper, University of Pennsylvania.

EHRLICH, I. and BECKER, G.S. [1972]: ?Market Insurance, Self-Insurance, and Self-Protection,?Journal of Political Economy, 80, 623?648.

FISHBURN, P. [1988]:Nonlinear Preference and Utility Theory. Baltimore: Johns Hopkins University Press.

HIEBERT, D.L. [1989]: ?Optimal Loss Reduction and Increases in Risk Aversion,?Journal of Risk and Insurance, 56, 300?305.

HILLMAN, A.L. and KATZ, E. [1984]: ?Risk-Averse Rent Seekers and the Social Cost of Monopoly Power,?Economic Journal, 94, 104?110.

MacCRIMMON, K. and LARSSON, S. [1979]: ?Utility Theory: Axioms Versus Paradoxes,? inExpected Utility Hypotheses and the Allais Paradox, M. Allais and O. Hagen (Eds.). Dordrecht, Holland: Reidel.

McGUIRE, M., PRATT, J., and ZECKHAUSER, R. [1991]: ?Paying to Improve Your Chances: Gambling or Insurance??Journal of Risk and Uncertainty, 4, 329?338.

PRATT, J.W. [1964]: ?Risk Aversion in the Small and in the Large,?Econometrica, 32, 122?136.

QUIGGIN, J. [1982]: ?Anticipated Utility Theory,?Journal of Economic Behavior and Organization, 3, 323?343.

QUIGGIN, J. [1991a]: ?Comparative Statics for Rank-Dependent Expected Utility Theory,?Journal of Risk and Uncertainty, 4, 339?350.

QUIGGIN, J. [1991b]: ?On the Optimal Design of Lotteries,?Economica, 58, 1?16.

ROSEN, S. [1986]: ?Prizes and Incentives in Elimination Turnaments,?American Economic Review, 76, 701?714.

ROSS, S. [1981]: ?Some Stronger Measures of Risk Aversion in the Small and in the Large with Applications,?Econometrica, 49, 621?638.

ROTH, A.E. [1979]:Axiomatic Models of Bargaining, Lecture Notes in Economics and Mathematical Systems, vol. 170. New York: Springer.

ROTH, A.E. [1989]: ?Risk Aversion and the Relationship Between Nash's Solution and Subgame Perfect Equilibrium of Sequential Bargaining,?Journal of Risk and Uncertainty, 2, 353?365.

SCHLESINGER, H. and KONRAD, K.A. [1993]: ?Risk Aversion in Rent-Seeking and Rent-Augmenting Games,? mimeo, University of Alabama.

SEGAL, U. [1989]: ?Anticipated Utility: a Measure Representation Approach,?Annals of Operations Research, 19, 359?373.

SINN, H.-W. [1982]: ?Kinked Utility and the Demand for Human Wealth and Liability Insurance,?European Economic Review, 17, 149?162.

SKAPERDAS, S. [1991]: ?Conflict and Attitudes Toward Risk,?American Economic Review, Papers and Proceedings, 81, 116?120.

SKAPERDAS, S. and LI, G. [1993]: ?The Effect of Risk Preferences in Contests,? mimeo, University of California, Irvine.

SWEENEY, G.H. and BEARD, T.R. [1992]: ?The Comparative Statics of Self-Protection,?Journal of Risk and Insurance, 59, 301?309.

YAARI, M.E. [1987]: ?The Dual Theory of Choice Under Risk,?Econometrica, 55, 95?115.