Risk reduction in compulsory disaster insurance: Experimental evidence on moral hazard and financial incentives
•New investment game to investigate financial incentives for flood damage reduction in the lab.•Moral hazard is less of a problem in a natural disaster insurance market where probabilities are low.•Insurance premium discount can increase investments in damage reduction.•Risk aversion, perceived effi...
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Published in | Journal of behavioral and experimental economics Vol. 84; p. 101500 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Amsterdam
Elsevier Inc
01.02.2020
Elsevier Science Ltd |
Subjects | |
Online Access | Get full text |
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