Insurance and saving: some further results
type: Item
instance of: scholarly article
title: Insurance and saving: some further results
zbMATH Open document ID: 0542.62087
DOI: 10.1016/0167-6687(84)90048-9
author: Georges Dionne
author: Louis Eeckhoudt
published in: Insurance Mathematics \& Economics
publication date: 1984-01-01T00:00:00Z
review text: An economical model is presented that allows for a joint treatment of decisions concerning saving and insurance. Conditions are given under which a separation theorem between consumption, insurance and deposits holds, and it is shown that under decreasing temporal risk aversion deposits and insurance are pure substitutes in the ''Hicksian'' sense.
Mathematics Subject Classification ID: 62P05
Mathematics Subject Classification ID: 91B16
zbMATH DE Number: 3862293
zbMATH Keywords: substitutes
zbMATH Keywords: saving
zbMATH Keywords: separation theorem
zbMATH Keywords: consumption
zbMATH Keywords: insurance
zbMATH Keywords: deposits
zbMATH Keywords: risk aversion
reviewed by: Wolf-Rüdiger Heilmann
MaRDI profile type: Publication
full work available at URL: 0167-6687(84)90048-9
OpenAlex ID: W2001575053
cites work: Optimal Investment and Consumption Strategies Under Risk, an Uncertain Lifetime, and Insurance
description: scientific article; zbMATH DE number 3862293