In this paper, we build on the emerging literature on group decision-making to study the so-called ‘group shift’ effect, i.e., groups are less risk-averse than individuals. Our study complements past research in two ways. First, we study the group shift effect under two sources of...

This article deals with the impact of governmental assistance on insurance demand under ambiguity, i.e., in situations where probabilities are uncertain. First, using a model of insurance demand under ambiguity, we derive theoretical predictions about the impact of several governmental...

L’objectif de ce travail est double. Premièrement, à l’aide de modélisations théoriques, nous proposons plusieurs prédictions liées au comportement d’assurance face à différents programmes d’intervention publique et à l’ambiguïté. Deuxièmement, nous testons ces prédictions...

[eng] This article examines the effect of public compensation programs on the insurance behavior of private forest owners. We analyze the impact of three types of public programs currently used in some European countries : flat-rate aid, contingent flat-rate aid , and insurance subsidy. We also...

This article presents the results of an experiment designed to test theoretical predictions about the impact of public compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government assistance significantly reduces willingness to pay...