Interakcje pomiędzy poziomem samoubezpieczenia a popytem na ubezpieczenie majątkowe

• Authors: Piotr Dudziński

Title variants

EN

INTERACTIONS BETWEEN DEMAND FOR SELF-INSURANCE AND FOR MARKET INSURANCE

• Languages of publication: PL

Abstracts

EN

This paper considers interactions between demand for market insurance and the level of self-insurance. The concept of self-insurance as an alternative for market insurance was presented by Ehrlich and Becker. Their original model accounts for only two states of the world and suggests that self-insurance and market insurance are substitute goods. This classical view does not extend to the case of many states of the world. In this paper a more general model is described, as under information asymmetry market insurance may be complementary to self-insurance or a substitute for it. Conditions under which market insurance and self-insurance are complements or substitutes were stated and discussed. The paper also provides economic interpretation of these conditions.

Keywords

EN

market insurance; self-insurance; risk

• Publisher: Uniwersytet Gdański. Wydział Ekonomiczny
• Journal: Współczesna Gospodarka
• Year: 2012
• Volume: 3
• Issue: 3
• Pages: 37-45

Contributors

author

Piotr Dudziński

• Uniwersytet Gdański, Wydział Matematyki, Fizyki i Informatyki, Instytut Matematyki, ul. Wita Stwosza 57, 80-952 Gdańsk-Oliwa, Poland