Bounded Rationality, Climate Risks, and Insurance: Is There a Market for Natural Disasters?

被引：55

作者：

Botzen, W. J. Wouter ^{[1
]}

van den Bergh, Jeroen C. J. M. ^{[1
,2
,3
]}

机构：

[1] Free Univ Amsterdam, Inst Environm Studies IVM, Amsterdam, Netherlands

[2] Autonomous Univ Barcelona, Dept Econ & Econ Hist, E-08193 Barcelona, Spain

[3] Free Univ Amsterdam, Fac Econ & Business Adm, Amsterdam, Netherlands

来源：

LAND ECONOMICS | 2009年 / 85卷 / 02期

关键词：

WATER-RESOURCES MANAGEMENT; EXPECTED-UTILITY; PROSPECT-THEORY; PROBABILITY; AVERSION; DECISIONS; ATTITUDES;

D O I：

10.3368/le.85.2.265

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the role of insurances to reduce uncertainty associated with climate change losses for individuals. Of special interest is the value individuals place on the reduction of increased flood risks by insurance coverage. Using rank-dependent utility and prospect theories, risk premiums are estimated under different climate change scenarios for the Netherlands. The study delivers two main insights. First, estimation results suggest that a profitable flood insurance market could be feasible. Second, climate change has the potential to increase the profitability of offering flood insurance. (JEL D81, Q51, Q54)

引用

页码：265 / 278

页数：14

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