Nakazawa, Katsuyoshi; Sugahara, Kota; Kunizaki, Minoru - Volkswirtschaft Abteilung, Fachbereich … - 2013
This study considers the discretionary premium-setting behavior of municipalities in the Japanese system of long … show that municipalities seem to have discretion in premium setting. Cities, in particular, set premiums low, reflecting … elderly political power. In addition, premiums are influenced elderly political power when few neighboring municipalities are …