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?
Le Roux, Sara
Oxford Brookes Business School\Oxford Brookes Business School\Department of Accounting, Finance and Economics
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