Charity hazard—A real hazard to natural disaster insurance?
نویسندگان
چکیده
منابع مشابه
Moral Hazard in Natural Disaster Insurance Markets: Empirical evidence from Germany and the United States
Moral hazard in natural disaster insurance markets has the effect that policyholders prepare less for disasters, which increases the risk they face. However, moral hazard may not arise due to high risk aversion of insured individuals and/or the inherent insurance market context. We offer a comprehensive empirical study of the relation between disaster risk reduction and insurance coverage to as...
متن کاملAdverse Selection and Moral Hazard in Natural Disaster Insurance Markets: Empirical evidence from Germany and the United States
Paul Hudson, W.J. Wouter Botzen, Jeffrey Czajkowski, Heidi Kreibich 1 Department of Environmental Economics, Institute for Environmental Studies, VU University Amsterdam, the Netherlands. 2 Wharton Risk Management and Decision Processes Center, University of Pennsylvania, U.S. 3 GFZ German Research Centre for Geosciences, Potsdam, Germany. Abstract Adverse selection and moral hazard are commonl...
متن کامل4. Chapter 4: Moral Hazard in Natural Disaster Insurance Markets - Empirical Evidence from Germany and the United States
Moral hazard in natural disaster insurance markets has the effect that policyholders prepare less for disasters, which increases the risk they face. However, moral hazard may not arise due to high risk aversion of insured individuals and/or the inherent insurance market context. Chapter 4 offers a comprehensive empirical study of the relation between disaster risk reduction and insurance covera...
متن کاملRisk Selection and Moral Hazard in Natural Disaster Insurance Markets: Empirical evidence from Germany and the United States
Adverse selection and moral hazard are commonly expected to cause market failures in natural disaster insurance markets. However, such problems may not arise if individuals mainly buy insurance based on risk preferences. Advantageous selection can occur if individuals with insurance are highly risk averse and seek to reduce risk. We offer a comprehensive empirical study of risk selection in nat...
متن کاملRisk, Hazard, and Disaster
Natural hazard research began as a study of cultural perceptions to extreme naturally occurring events. Since the advent of the study, natural hazard literature has become steeped in terminology that is sometimes confusing to the reader. The concepts of hazard, risk, and disaster are often confused with one another and with the extreme event itself. Although the extreme event is inherent in haz...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Environmental Hazards
سال: 2007
ISSN: 1747-7891
DOI: 10.1016/j.envhaz.2007.09.002