Journal Article

Climate change catastrophes and insuring decisions: A study in the presence of ambiguity

Abstract

This paper attempts to study how individuals respond to the availability of an insurance that would safeguard their interests if a climate change catastrophe occurred. If such an insurance is available to them, do individuals insure themselves su¢ ciently? Further, the study investigates if information regarding the past occurrence of the catastrophic event leads to an increase in insurance subscriptions and/or the emergence of a lemons market. Finally, policy implications are investigated: can an indirect intervention in the form of a "nudge" ensure a better outcome?

Attached files

Authors

Le Roux, Sara

Oxford Brookes departments

Oxford Brookes Business School\Oxford Brookes Business School\Department of Accounting, Finance and Economics

Dates

Year of publication: 2018
Date of RADAR deposit: 2018-08-01

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License

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Related resources

This RADAR resource is the Accepted Manuscript of Climate change catastrophes and insuring decisions: A study in the presence of ambiguity
This RADAR resource is Cited by Supplementary data