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Self-protection and insurance with interdependencies

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  • Alexander Muermann
  • Howard Kunreuther

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  • Alexander Muermann & Howard Kunreuther, 2008. "Self-protection and insurance with interdependencies," Journal of Risk and Uncertainty, Springer, vol. 36(2), pages 103-123, April.
    • Handle: RePEc:kap:jrisku:v:36:y:2008:i:2:p:103-123
    DOI: 10.1007/s11166-008-9033-1
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    References listed on IDEAS

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    1. Ian Ayres & Steven D. Levitt, 1998. "Measuring Positive Externalities from Unobservable Victim Precaution: An Empirical Analysis of Lojack," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(1), pages 43-77.
    2. Harris Schlesinger & Emilio Venezian, 1986. "Insurance Markets with Loss-Prevention Activity: Profits, Market Structure, and Consumer Welfare," RAND Journal of Economics, The RAND Corporation, vol. 17(2), pages 227-238, Summer.
    3. Kunreuther, Howard & Heal, Geoffrey, 2003. "Interdependent Security," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 231-249, March-May.
    4. Alexander Muermann & Howard Kunreuther, 2007. "Self-Protection and Insurance with Interdependencies," NBER Working Papers 12827, National Bureau of Economic Research, Inc.
    5. Kunreuther, Howard & Muermann, Alexander, 2007. "Self-protection and insurance with interdependencies," CFS Working Paper Series 2007/22, Center for Financial Studies (CFS).
    6. Shavell, Steven, 1991. "Individual precautions to prevent theft: Private versus socially optimal behavior," International Review of Law and Economics, Elsevier, vol. 11(2), pages 123-132, September.
    7. Geoffrey Heal & Howard Kunreuther, 2005. "You Can Only Die Once: Interdependent Security in an Uncertain World," Chapters, in: Harry W. Richardson & Peter Gordon & James E. Moore II (ed.), The Economic Impacts of Terrorist Attacks, chapter 3, Edward Elgar Publishing.
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    Citations

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    Cited by:

    1. Lu Li & Richard Peter, 2021. "Should we do more when we know less? The effect of technology risk on optimal effort," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(3), pages 695-725, September.
    2. Angelo Antoci & Alessandro Fiori Maccioni & Pier Luigi Sacco & Mauro Sodini, 2017. "Self-protection, Psychological Externalities, and the Social Dynamics of Fear," Journal of Conflict Resolution, Peace Science Society (International), vol. 61(2), pages 349-371, February.
    3. Köke, Sonja & Lange, Andreas & Nicklisch, Andreas, 2015. "Adversity is a school of wisdomː Experimental evidence on cooperative protection against stochastic losses," WiSo-HH Working Paper Series 22, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    4. Nicklisch, Andreas & Köke, Sonja & Lange, Andreas, 2016. "Is Adversity a School of Wisdom? Experimental Evidence on Cooperative Protection Against Stochastic Losses," VfS Annual Conference 2016 (Augsburg): Demographic Change 145716, Verein für Socialpolitik / German Economic Association.
    5. Biener, Christian & Eling, Martin & Landmann, Andreas & Pradhan, Shailee, 2018. "Can group incentives alleviate moral hazard? The role of pro-social preferences," European Economic Review, Elsevier, vol. 101(C), pages 230-249.
    6. Céline Grislain-Letrémy & Sabine Lemoyne de Forges, 2011. "Coordinating Flood Insurance and Collective Prevention Policies: A Fiscal Federalism Perspective," Working Papers 2011-07, Center for Research in Economics and Statistics.
    7. François Salanié & Nicolas Treich, 2020. "Public and private incentives for self-protection," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 45(2), pages 104-113, September.
    8. Fraser, Clive D., 2021. "Protection in numbers? Self-protection as a local public good," Journal of Mathematical Economics, Elsevier, vol. 96(C).
    9. Tim Lohse & Julio R. Robledo & Ulrich Schmidt, 2012. "Self‐Insurance and Self‐Protection as Public Goods," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 79(1), pages 57-76, March.
    10. Ram Ranjan & Jason F. Shogren, 2009. "Dynamic Endogenous Risks & Non-Expected Utility Behavior," Korean Economic Review, Korean Economic Association, vol. 25, pages 215-240.
    11. Lohse, Tim & Robledo, Julio R., 2012. "Public self-insurance and the Samaritan's dilemma in a federation," Discussion Papers, Research Professorship & Project "The Future of Fiscal Federalism" SP II 2012-103, WZB Berlin Social Science Center.
    12. Shaun S. Wang & Ulrik Franke, 2020. "Enterprise IT service downtime cost and risk transfer in a supply chain," Operations Management Research, Springer, vol. 13(1), pages 94-108, June.
    13. Hoy, Michael & Polborn, Mattias K., 2015. "The value of technology improvements in games with externalities: A fresh look at offsetting behavior," Journal of Public Economics, Elsevier, vol. 131(C), pages 12-20.
    14. Wang, Chunhua, 2014. "Regulating land development in a natural disaster-prone area: The roles of building codes," Resource and Energy Economics, Elsevier, vol. 36(1), pages 209-228.
    15. Courbage, Christophe & Rey, Béatrice & Treich, Nicolas, 2013. "Prevention and precaution," TSE Working Papers 13-445, Toulouse School of Economics (TSE).
    16. Annette Hofmann & Casey Rothschild, 2019. "On the efficiency of self-protection with spillovers in risk," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 44(2), pages 207-221, September.
    17. Tim Lohse & Julio R. Robledo, 2013. "Public Self-Insurance and the Samaritan’s Dilemma in a Federation," Public Finance Review, , vol. 41(1), pages 92-120, January.
    18. Grislain-Letrémy, Céline, 2012. "Assurance et prévention des catastrophes naturelles et technologiques," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/9073 edited by Villeneuve, Bertrand.

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