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EC901 Micro
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#Post#: 70--------------------------------------------------
full insurance
DIR By: ava
Date: January 9, 2013, 3:43 pm
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Hey, I am here asking questions on question 2 of PS 5. I m just
wondering what "full insurance" exactly mean. Thanks!
#Post#: 71--------------------------------------------------
Re: full insurance
DIR By: Julia.Wirtz
Date: January 10, 2013, 5:18 am
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Here, full insurance means that a household consumes the same in
both states.
Note that you compare the consumption separately for each
household. You do [glow=red,2,300]NOT[/glow] compare the
consumption between households.
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