Corporate demand for insurance
an empirical analysis of the U.S. market for catastrophe and non-catastrophe risks
We couldn't estimate the reading time for this book.
Author
Contributions
- Raschky, Paul - Contributor
- Kunreuther, Howard - Contributor
- National Bureau of Economic Research - Contributor
Publication
2011 - National Bureau of Economic Research, Cambridge, MA, Massachusetts
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2011657342
- Open LibraryOL25125199M
Classifications
- LCCHB1
Description
"Using a unique dataset of insurance decisions by over 1,800 large U.S. corporations, this study provides the first empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We combine demand and supply data and apply a simultaneous-equation approach to address the problem of endogenous premium decisions. The main finding is that demand for property and catastrophe insurance are not very different and that the demand for catastrophe coverage is actually more price inelastic. We also show that a corporation's ability to self-insure affects the demand for catastrophe insurance but not for property insurance"--National Bureau of Economic Research web site.
Subjects
Series Statement
- NBER working paper series -- working paper 17403
- Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17403.
Reader Reviews
No reviews yet for this book.
Be the first to share your thoughts!