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


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


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

Details

  • Owner: Joseph Ripp
  • Collection: Outputs
  • Version: 1 (show all)
  • Status: Live