Take the case in which all individuals are risk averse so
Take the case in which all individuals are risk averse, so that marginal costs slope down. In that case, why might it be optimal (socially efficient) for insurance take up to be less than 100%?
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take the case in which all individuals are risk averse so that marginal costs slope down in that case why might it be
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link changes in unemployment inflation wages and gdp to one another and how they impacted each other during periods of
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