Comparative statics under multiple sources of risk with applications to insurance demand |
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| Authors: | Georges Dionne Christian Collier |
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| Affiliation: | 1. Economics Department and Centre de recherche sur les transports, Université de Montréal, succursale A, C.P. 6128, H3C 3J7, Montréal, Québec
2. Finance Department, Groupe HEC, 1, rue de la Libération, 78350, Jouy-en-Josas, France
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| Abstract: | In this paper we propose an answer to the following problem of comparative statics in models with multiple sources of risk: How a risk averse agent will change his coinsurance demand when the distribution of the insurable loss is shifted? To answer the question, we first comment on Jack Meyer's results and then we show how an alternate approach leads to more definitive comparative statics. |
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