Publication Details |
Category | Text Publication |
Reference Category | Journals |
DOI | 10.1007/s10640-012-9586-y |
Document | Shareable Link |
Title (Primary) | Uncertainty of governmental relief and the crowding out of flood insurance |
Author | Raschky, P.A.; Schwarze, R.; Schwindt, M.; Zahn, F. |
Source Titel | Environmental & Resource Economics |
Year | 2013 |
Department | OEKON |
Volume | 54 |
Issue | 2 |
Page From | 179 |
Page To | 200 |
Language | englisch |
Keywords | Insurance demand; Governmental relief; Natural hazards |
UFZ wide themes | 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. |
Persistent UFZ Identifier | 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 10.1007/s10640-012-9586-y |