This paper examines the demand and supply of annual and multi-year insurance contracts with respect to protection … year and change the premium in the following year. Multi-year insurance has a fixed annual price for each year and no … premiums charged by insurers for each type of policy. Copyright Springer Science+Business Media New York 2012 …

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 …

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 …

. The lack of interest in insurance protection and mitigation by property owners and by public sector agencies prior to a … ex post expenditures, we consider the option of mandatory comprehensive private disaster insurance with risk-based rates … Springer Science + Business Media, LLC 2006 …

This paper provides a theoretical explanation for the common observation that people often fail to purchase insurance …