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If U(A)=A^1/2, X=144, Y=64, p=1/2 and CE=1.5. Calculate the maximum value of q for the imperfect insurance to be incentive compatible and the intercept of
If U(A)=A^1/2, X=144, Y=64, p=1/2 and CE=1.5. Calculate the maximum value of q for the imperfect insurance to be incentive compatible and the intercept of the ICC respectively
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
