Exempel på self-insurance

• It follows from the above optimality condition that the two2 period incentive compatibility contract provides greater insurance cover than does self-insurance from issuing risk-free bonds.

• It basically provides a special case where self-insurance could be optimal.

• Next, self-insurance refers to the private financial preparations that individuals make, such as savings, private pensions, insurance and other investments.

• This is because, given the gross consumption allocation, the agent is, on the margin, contemplating deviations to a lower credit level and a higher effort level (the self-insurance motive).

• In the current framework, neither insurance contracts nor self-insurance by borrowing is available, and only fiat money can provide self-insurance against income fluctuations during middle age.

• In the absence of an insurance contract, only fiat money can play an essential role as self-insurance against the income fluctuations of middle-aged consumers in this environment.

• Second, land ownership provides self-insurance against ever-present income shocks by serving as collateral for credit (formal and informal), and as a marketable asset for expenditure smoothing.

• Prevention is self-protection; control is self-insurance.

• That is a major objection at present to any proposal which encourages an increase in self-insurance by local authorities.

• Checks could accordingly be carried out so as to guarantee the self-insurance principle.

• I am sure that he understands that the legislation has nothing to do with self-insurance: it is do with third party compulsory insurance.

• The industry makes provision for self-insurance against material damage—for example, to its stations—through its mutually owned subsidiary.

• These include the establishment of self-insurance schemes.

• In short, it is an in-house self-insurance vehicle.

• When employed workers are imperfectly insured against the occurrence of such spells, they hoard assets for self-insurance purposes.