Details zur Publikation |
Kategorie | Textpublikation |
Referenztyp | Zeitschriften |
DOI | 10.1007/s10640-012-9586-y |
Volltext | Shareable Link |
Titel (primär) | Uncertainty of governmental relief and the crowding out of flood insurance |
Autor | Raschky, P.A.; Schwarze, R.; Schwindt, M.; Zahn, F. |
Journal / Serie | Environmental & Resource Economics |
Erscheinungsjahr | 2013 |
Department | OEKON |
Band/Volume | 54 |
Heft | 2 |
Seite von | 179 |
Seite bis | 200 |
Sprache | englisch |
Keywords | Insurance demand; Governmental relief; Natural hazards |
UFZ Querschnittsthemen | RU6; |
Abstract | This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs—the so-called ‘charity hazard’—in the context of different institutional schemes of governmental disaster relief in Austria and Germany. We test empirically whether an assured partial relief scheme (as in Austria) drives a stronger crowding out of private insurance than a scheme promising full relief which is subject to ad-hoc political decision making (as in Germany). Our general finding is that the institutional design of governmental relief programs significantly affects the demand for private natural hazard insurance. |
dauerhafte UFZ-Verlinkung | https://www.ufz.de/index.php?en=20939&ufzPublicationIdentifier=13228 |
Raschky, P.A., Schwarze, R., Schwindt, M., Zahn, F. (2013): Uncertainty of governmental relief and the crowding out of flood insurance Environ. Resour. Econ. 54 (2), 179 - 200 |