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. |
| Quelle | 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. |
| 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 10.1007/s10640-012-9586-y |
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