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Charity hazard : A real hazard to natural disaster insurance?
Raschky, Paul A.; Weck-Hannemann, Hannelore - 2007
gives an economic analysis of the institutional arrangements on the market for natural disaster insurances focusing on … market for natural disaster insurances, in the way that it acts as an obstacle for the proper diffusion and therefore the …
Persistent link: https://www.econbiz.de/10010293403
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Catastrophe Index-Linked Securities and Reinsurance as Substituties
Nell, Martin; Richter, Andreas - 2000
tools in a standard insurance demand theory environment. We concentrate on the problem of basis risk versus transaction cost …
Persistent link: https://www.econbiz.de/10010316284
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The Demand for Homeowners Insurance with Bundled Catastrophe Coverages
Grace, Martin F.; Klein, Robert W.; Kleindorfer, Paul R. - 2001
In this paper, we estimate the demand for homeowner insurance in Florida. Since we are interested in a number of factors influencing demand, we approach the problem from two directions. We first estimate two hedonic equations representing the premium per contract and the price mark-up. We...
Persistent link: https://www.econbiz.de/10010316310
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Meteorological forecasts and the pricing of weather derivatives
Ritter, Matthias; Mußhoff, Oliver; Odening, Martin - 2010
forecasts is not considered. Thus, important knowledge used by market participants is ignored in theory. By extending a standard …
Persistent link: https://www.econbiz.de/10010281477
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Demand heterogeneity in insurance markets: Implications for equity and efficiency
Geruso, Michael - In: Quantitative Economics 8 (2017) 3, pp. 929-975
In many markets insurers are barred from price discrimination based on con- sumer characteristics like age, gender, and medical history. In this paper, I build on a recent literature to show why such policies are inefficient if consumers differ in their willingness-to-pay for insurance...
Persistent link: https://www.econbiz.de/10011995507
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Adverse selection among early adopters and unraveling innovation
McGee, Rory - 2023
I provide an equilibrium analysis of 'selection markets': where consumers not only vary in how much they are willing to pay, but also in how much they cost to the seller. The model provides a joint explanation for three empirical phenomena: low uptake of existing products, slow demand for new...
Persistent link: https://www.econbiz.de/10014581822
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Marktkonforme Versicherungspflicht für Naturkatastrophen: Bausteine einer Elementarschadenversicherung
Schwarze, Reimund; Wagner, Gert G. - In: DIW Wochenbericht 70 (2003) 12, pp. 183-189
Probleme weitgehend gelöst werden. Die Grundidee einer praktikablen Elementarschadenversicherung ist zweigeteilt: Erstens …
Persistent link: https://www.econbiz.de/10011601425
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Storm disaster: Compulsory insurance makes sense!
Wagner, Gert G. - In: Wirtschaftsdienst 101 (2021) 8, pp. 578-579
Persistent link: https://www.econbiz.de/10012703369
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Naturkatastrophen und Klimaänderung: Befürchtungen und Handlungsoptionen der Versicherungswirtschaft
Berz, Gerhard - In: Vierteljahrshefte zur Wirtschaftsforschung 74 (2005) 2, pp. 169-174
Die Häufigkeit großer Wetterkatastrophen hat in den letzten Jahrzehnten deutlich zugenommen. Dies betrifft auch die Versicherungsbranche, die einen Anstieg der wetterbedingten Schadensfälle registriert. Der Beitrag fasst die Entwicklung zusammen und zeigt, dass die Versicherungswirtschaft...
Persistent link: https://www.econbiz.de/10010377715
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Estimating the effects of risk transfer mechanisms against floods in Europe and USA: A dynamic panel approach
Raschky, Paul A. - 2007
European region reduces the regional GDP by 0.4%-0.6%; an average flood event in the U.S.A reduces the personal income by 0 … Program (NFIP) in the U.S.A. mitigate the effects of a flood by about 50%. The results provide empirical foundation for the … proposition that ex ante risk transfer policies are more efficient than ex post disaster relief. …
Persistent link: https://www.econbiz.de/10010293431