A perennial question about the NFIP is: how can participation be increased? An empirical analysis reveals that in coastal areas the voluntary participation rate is only nine percent and identifies important determinants of the insurance purchase decision. It suggests that insurance will not discourage undesirable risk management practices in coastal areas.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2000 Annual meeting, July 30-August 2, Tampa, FL with number
21880.
Length: Date of creation: 2000 Date of revision: Handle: RePEc:ags:aaea00:21880
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