Arbeitspapier
Self-protection and insurance with interdependencies
We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing in self-protection implies that, in equilibrium, individuals underinvest in self-protection. Limiting insurance coverage through deductibles or selling 'at-fault' insurance can partially internalize this externality and thereby improve individual and social welfare.
- Sprache
-
Englisch
- Erschienen in
-
Series: CFS Working Paper ; No. 2007/22
- Klassifikation
-
Wirtschaft
Noncooperative Games
Externalities
Information, Knowledge, and Uncertainty: General
- Thema
-
Externality
Mitigation
Insurance
Versicherungsökonomik
Versicherungsschaden
Haftung
Entscheidung bei Risiko
Konsuminterdependenz
Spieltheorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kunreuther, Howard
Muermann, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, Center for Financial Studies (CFS)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2007
- Handle
- URN
-
urn:nbn:de:hebis:30-39822
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kunreuther, Howard
- Muermann, Alexander
- Goethe University Frankfurt, Center for Financial Studies (CFS)
Entstanden
- 2007
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