Kremslehner, Robert, Mürmann, Alexander. 2009. State-Dependent Preferences and Insurance Demand. Seminar of the European Group of Risk and Insurance Economists 2009, Bergen, Norwegen, 21.09.-23.09..

RIS

@CONFERENCE{Kremslehner2009,
title = {State-Dependent Preferences and Insurance Demand},
author = {Robert Kremslehner and Alexander Mürmann},
year = {2009},
address = {Bergen},
language = {EN},
misc = {Seminar of the European Group of Risk and Insurance Economists 2009},
abstract = {We compare the demand for insurance under state-dependent and state-independent preferences when allowing for positive premium loading and continuous state space. We show that monotonicity of marginal utility across states is not sufficient to yield unambiguous comparative results--as it is under a fair premium. Nevertheless, unambiguous results can be derived for a specified set of state-independent preferences if both marginal utility and absolute degree of risk aversion are monotonic across states.},
}