Recently, Caballi and Pomansky (1996) proposed a formal definition of mixed risk aversion and characterized stochastic dominance in presence of such utility functions. However they did not study comparative mixed risk aversion. In this note we give a sufficient condition for analytic comparative...

How does risk aversion affect choices when expenses improve probabilities? Attempts tp answer this question in the literature found an endogenous switching probability. In this paper we introduce a new concept of comparative attitude to risk, namely proper risk behavior and determine 1/2 as the...

How does risk aversion affect choices when expenses improve probabilities? Attempts to answer this question in the literature found an endogenous switching probability. In this paper we introduce a new concept of comparative attitude to risl, namely proper risk behavior and determine 1/2 as the...

Dans un article important , Ehrlich et Beker ont analyse les activites d'assurance, d'auto-assurance et de prevention dans un contexte financier unidimensionnel et mono-periodique. Nous examinons ici comment transformer le modele pour l'adapter au traitement du multidimensionnel ou la structure...

Le but de cet article est de fournir les outils necessaires a la determination des prix et des quantites d'equilibre fournis par un marche compose de N individus.

Le but de ce travail est de comparer les differents niveaux de consentement a payer tels que definis par Joses-Lee et degages par des individus qui peuvent differer de plusieurs facons; soit parce que leur comportement face au risque n'est identique, soit parce que la possibilite d'assurabilite...