期刊名称：Discussion Paper Series / Department of Economics, Monash University
出版年度：2010
卷号：1
出版社：Monash University
摘要：This paper discusses the problem of crowding out of insurance by co-existing
governmental relief programs - so-called ’charity hazard’ - in a context of different
institutional schemes of government relief in Austria and Germany. We test
empirically whether an assured partial relief scheme (as in Austria) drives a stronger
crowding out of private insurance than a scheme promising full relief which is subject
to ad hoc political decision making (as in Germany). Our general finding is that the
institutional design of governmental relief programs significantly affects the demand
for private natural hazard insurance.
