Raschky, Paul; Schwarze, Reimund; Schwindt, Manijeh; … - In: Environmental & Resource Economics 54 (2013) 2, pp. 179-200
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...