Esho, Neil; Kirievsky, Anatoly; Ward, Damian; … - In: Journal of Risk & Insurance 71 (2004) 2, pp. 265-283
This article examines the importance of legal rights and enforcement in influencing property-casualty insurance (PCI) consumption. We extend the existing literature by examining the role of legal factors in determining insurance density across countries. Also, measures of risk aversion, loss...