Yin, Haitao; Kunreuther, Howard; White, Matthew W. - In: Journal of Law and Economics 54 (2011) 2, pp. 325-325
This paper examines whether risk-based pricing promotes risk-reducing effort. Risk-based pricing is common in private insurance markets but rare in government assurance programs. We analyze accidental underground fuel tank leaks—a source of environmental damage to water supplies—over a...