Kleindorfer, Paul; Kunreuther, Howard; Ou-Yang, Chieh - In: Journal of Risk and Uncertainty 45 (2012) 1, pp. 51-78
This paper examines the demand and supply of annual and multi-year insurance contracts with respect to protection against a catastrophic risk in a competitive market. Insurers who offer annual policies can cancel policies at the end of each year and change the premium in the following year....
