The demand for insurance and protection: The case of irreplaceable commodities

Philip J. Cook is ITT/Sanford Professor of Public Policy and Professor of Economics and Sociology at Duke University. He served as director and chair of Duke’s Sanford Institute of Public Policy from 1985-89, and again from 1997-99. Cook is a member of Phi Beta Kappa, and an honorary Fellow in the American Society of Criminology. In 2001 he was elected to membership in the Institute of Medicine of the National Academy of Sciences. Cook joined the Duke faculty in 1973 after ear

Daniel A. Graham conducts research exploring the general subjects of game theory, the economics of information, and microeconomic theory. His microeconomic investigations focus specifically on uncertainty, including cost/benefit analysis, insurance, and incentives. His most recent research projects involve the general multi-object auction, pure trade with private information, and information and queues. For his work, he has received funding from various grants including those awarded by the N