Using the first order condition for self-protection, this reduces to U(Y-pI-d)-U(Y-Z+I-pI-d) -mm(4)(U(Y-p7-d++xU(Y-z+7 As long as d <o(self-protection declines ad with insurance) then we should expect to see some limits on the completeness of nsurance These will in turn be a function of the degree to which self-protection matters and the concavity of the utility function Why might this solution break down?Using the first order condition for self-protection, this reduces to: U Y  pI  d  U Y  Z  I  pI  d   d I  dI 1  U Y  pI  d  1 1 U Y  Z  I  As long as d I  0 (self-protection declines with insurance) then we should expect to see some limits on the completeness of insurance. These will in turn be a function of the degree to which self-protection matters and the concavity of the utility function. Why might this solution break down?