credit. The optimal consumer decision represents the trade-off between the propensity to search for beneficial insurance or … consumer credit, and marginal savings on insurance policy or consumer credit. Under price dispersion the indirect utility … insurance or the complete consumer credit. The comparative static analysis of the saddle point of the utility function discovers …

credit. The optimal consumer decision represents the trade-off between the propensity to search for beneficial insurance or … consumer credit, and marginal savings on insurance policy or consumer credit. Under price dispersion the indirect utility … insurance or the complete consumer credit. The comparative static analysis of the saddle point of the utility function discovers …

presented as the increase in the willingness to pay for insurance. The optimal consumer decision represents the trade …-off between the propensity to search for proficient insurance and marginal savings on insurance policy. Under price dispersion the … indirect utility function takes the form of cubic parabola, where the saddle point represents the comprehensive insurance. The …

. Should he exert more effort when he becomes more risk-averse? For instance, should we expect more risk-averse drivers to … presented in Jewitt (1989). We first extend the standard models of self-insurance and self-protection, and show that the …

crisis, the role of the insurance companies is undeniable. This because enable households and businesses to manage their … risks effectively, ensuring the recovery and even reunification their patrimony. The competitiveness of the insurance sector … needs and the profitability of the insurance companies. This is because the consumer has changed in recent years, he became …

by Allais may be efficient for agents averse to the risk of making errors. Such simplification is likely to be an …