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dc.contributor.author Cook, PJ
dc.contributor.author Graham, D
dc.date.accessioned 2010-06-28T19:05:30Z
dc.date.issued 1977-02
dc.identifier http://search.epnet.com/login.aspx?direct=true&db=bth&an=4624031&site=ehost&scope=site%20online
dc.identifier.citation Quarterly Journal of Economics, 1977, pp. 143 - 156
dc.identifier.uri http://hdl.handle.net/10161/2637
dc.description.abstract This article evaluates the new theoretical characterization of commodities and develops some results concerning the demand for insurance in the U.S. A rational individual, risk-averse with respect to lotteries on wealth, will typically not fully insure an irreplaceable commodity and may even choose to bet against losing it. In assessing the benefit of an increase in public protection activity, the correct value of a commodity is bracketed by the amount of money the owner would pay to avoid its loss and the amount of money required to fully compensate him for its loss.
dc.format.extent 143 - 156
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.relation.ispartof Quarterly Journal of Economics
dc.title The Demand for Insurance and Protection: The Case of Irreplaceable Commodities
dc.type Journal Article
dc.department Economics
pubs.author-url http://search.epnet.com/login.aspx?direct=true&db=bth&an=4624031&site=ehost&scope=site%20online
pubs.notes Reprinted in Georges Dionne and Scott Harrington (eds.) Foundations of Insurance Economics Kluwer Academic Press, 1991
pubs.organisational-group /Duke
pubs.organisational-group /Duke/Sanford School of Public Policy
pubs.organisational-group /Duke/Sanford School of Public Policy/Center for Child and Family Policy
pubs.organisational-group /Duke/Sanford School of Public Policy/Duke Population Research Institute
pubs.organisational-group /Duke/Sanford School of Public Policy/Duke Population Research Institute/Duke Population Research Center
pubs.organisational-group /Duke/Trinity College of Arts & Sciences
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Economics
pubs.organisational-group /Duke/Trinity College of Arts & Sciences/Sociology
pubs.publication-status Published

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