empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We … combine demand and supply data and apply a simultaneous-equation approach to address the problem of endogenous premium … decisions. The main finding is that demand for property and catastrophe insurance are not very different and that the demand for …

We study the panel DOLS estimator of a homogeneous cointegration vector for a balanced panel of N individuals observed … demand function from a panel of 19 countries with annual observations that span from 1957 to 1996. The estimated income … approximation to the exact finite sample distribution. We use panel dynamic OLS to estimate coefficients of the long-run money …

inferred using only cross-sectional data. Panel or longitudinal data where the same units are observed repeatedly at different … units who respond in initial waves of the panel may drop out in subsequent waves, so that the subsample with complete data … for all waves of the panel can be less representative of the population than the original sample. Sometimes, in the hope …

This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001 …, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance … Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program …

This paper discusses new challenges we face with terrorism as a catastrophic risk by focusing on risk assessment, risk … management as well as risk financing issues. The special characteristics of terrorism compared with major natural hazards call … for the development of public-private partnerships, as recognized in November 2002 when the Terrorism Risk Insurance Act …

a sample from Knowledge Networks' national internet panel. The estimates range from $100 to $220 annually per household …

evolved in response to terrorism in Britain. The paper also discusses the reasons why there is strong cooperation among the CT …

on terrorist attacks in the Middle East: Radical religious clubs are more lethal and choose suicide terrorism more often …, when they provide benign local public goods. Our results suggest benign tactics to counter terrorism by religious radicals …

Districts can be greatly affected by changes in the perceived level of terrorism …