| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14210 |
| 来源ID | Working Paper 14210 |
| Long Term Insurance (LTI) for Addressing Catastrophe Risk | |
| Dwight Jaffee; Howard Kunreuther; Erwann Michel-Kerjan | |
| 发表日期 | 2008-08-14 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper proposes long-term insurance (LTI) as an alternative to the standard annual homeowners policy using lessons from the mortgage market as a benchmark. LTI has the potential to significantly increase social welfare by reducing insurers' administrative costs, lowering search costs and uncertainty for consumers and providing incentives for long-term investment in mitigation measures to protect property. A two-period model illustrates situations that would make a long-term contract attractive to both insurers and consumers under competitive market conditions. |
| 主题 | Financial Economics ; Financial Markets ; Financial Institutions |
| URL | https://www.nber.org/papers/w14210 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571884 |
| 推荐引用方式 GB/T 7714 | Dwight Jaffee,Howard Kunreuther,Erwann Michel-Kerjan. Long Term Insurance (LTI) for Addressing Catastrophe Risk. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14210.pdf（194KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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