This study examines the geographical spillover of the state-level average homeowners insurance cost for 48 US … found a significant positive spillover of average homeowners insurance cost as indicated by a large spatial autoregressive … average homeowners insurance cost. We conduct several robustness tests and show that the baseline results are robust if …

When formal insurance is unavailable, mutual insurance among households can serve as an alternative. This paper … trigger-strategy equilibrium can be achieved. Full insurance is possible with strongly negatively correlated endowments, while … partial insurance is generally feasible. The analysis highlights environments wherein varying levels of insurance can emerge …