Optimal self-protection in two periods: On the role of endogenous saving
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DOI: 10.1016/j.jebo.2017.01.017
Abstract: Self-protection is a costly investment to reduce the probability of loss. This paper studies optimal self-protection in a two-period model with endogenous saving. In a setting with a binary loss we show that prudence is… read more here.
Keywords: self protection; protection; protection two; endogenous saving ... See more keywords