We combine household-level data on the choice to purchase flood insurance with experiment-based risk preference data and subjective risk perception data. The sample covers a wide geographic area (the entire U.S. Gulf Coast and Florida's Atlantic Coast) and includes individuals exposed to varying...

We explore behavior and test theory regarding the determinants of flood insurance coverage in the coastal zone using micro-data for nine southeastern counties. Overall estimates indicate price inelastic demand, though subsidized policyholders have greater coverage and are more price sensitive....

This paper presents the only study analyzing the decision to purchase wind coverage for individuals whose standard homeowner's policy excludes wind, and one o f very few analyses o f the decision to undertake wind mitigation measures. Because these two decisions are closely related, a...

Concern over resilience to natural disasters often focuses on moral hazard; expectations of disaster assistance may lead households in hazard-prone communities to forego insurance. This has been dubbed “charity hazard” in the literature on natural disasters. We examine flood insurance market...