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Governments of some European countries compensate landowners for windstorm damage to forests. We analyze the impact of such programmes on non-industrial private forest owner decisions to purchase an insurance policy for windstorm coverage and other natural events and/or invest in risk-reducing...
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This article deals with the impact of governmental assistance on insurance demand under ambiguity, i.e., in situations where probabilities are uncertain. First, using a model of insurance demand under ambiguity, we derive theoretical predictions about the impact of several governmental...
Persistent link: https://www.econbiz.de/10010865828
[eng] This article examines the effect of public compensation programs on the insurance behavior of private forest owners. We analyze the impact of three types of public programs currently used in some European countries : flat-rate aid, contingent flat-rate aid , and insurance subsidy. We also...
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