Community Rating, Cross Subsidies and Underinsurance: Why so many Households in Japan do not Purchase Earthquake Insurance
Author
Abstract
Suggested Citation
DOI: 10.1007/s11146-009-9224-9
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Pierre Picard, 2008.
"Natural Disaster Insurance and the Equity‐Efficiency Trade‐Off,"
Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(1), pages 17-38, March.
- Pierre Picard, 2005. "Natural disaster insurance and the equity-efficiency trade-off," Working Papers hal-00243028, HAL.
- Pierre Picard, 2008. "Natural Disaster Insurance and the Equity-Efficiency Trade-Off," Post-Print hal-00367094, HAL.
- Browne, Mark J & Hoyt, Robert E, 2000. "The Demand for Flood Insurance: Empirical Evidence," Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 291-306, May.
- Naoi, Michio & Seko, Miki & Sumita, Kazuto, 2009. "Earthquake risk and housing prices in Japan: Evidence before and after massive earthquakes," Regional Science and Urban Economics, Elsevier, vol. 39(6), pages 658-669, November.
- Charles Leung & Sam Tang & Nicolaas Groenewold, 2006.
"Growth Volatility and Technical Progress: A Simple Rent-seeking Model,"
Journal of Economics, Springer, vol. 88(2), pages 159-178, August.
- Charles Ka-Yui Leung & Sam Hak Kan Tang & Nicolaas Groenewold, 2005. "Growth volatility and technical progress: a simple rent-seeking model," Departmental Working Papers _174, Chinese University of Hong Kong, Department of Economics.
- Charles Ka-Yui Leung & Sam Hak Kan Tang & Nicolaas Groenewold, 2005. "Growth volatility and technical progress: a simple rent-seeking model," Discussion Papers 00016, Chinese University of Hong Kong, Department of Economics.
- Michio Naoi & Kazuto Sumita & Miki Seko, 2007. "Earthquakes and the Quality of Life in Japan," Journal of Property Research, Taylor & Francis Journals, vol. 24(4), pages 313-334, December.
- Yui Leung, Charles Ka, 2001. "Productivity growth, increasing income inequality and social insurance: the case of China?," Journal of Economic Behavior & Organization, Elsevier, vol. 46(4), pages 395-408, December.
- Ehrlich, Isaac & Becker, Gary S, 1972. "Market Insurance, Self-Insurance, and Self-Protection," Journal of Political Economy, University of Chicago Press, vol. 80(4), pages 623-648, July-Aug..
- Michael Rothschild & Joseph Stiglitz, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 629-649.
- Jean-Jacques Laffont, 1989. "The Economics of Uncertainty and Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121360, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Xiao Lin, 2020. "Risk awareness and adverse selection in catastrophe insurance: Evidence from California’s residential earthquake insurance market," Journal of Risk and Uncertainty, Springer, vol. 61(1), pages 43-65, August.
- Michio Naoi & Kazuto Sumita & Miki Seko, 2010. "Estimating Consumer Valuation of Earthquake Risk: Evidence from Japanese Housing Markets," International Real Estate Review, Global Social Science Institute, vol. 13(2), pages 117-133.
- Fabrizio Terenzio Gizzi & Jonghun Kam & Donatella Porrini, 2020. "Time windows of opportunities to fight earthquake under-insurance: evidence from Google Trends," Palgrave Communications, Palgrave Macmillan, vol. 7(1), pages 1-11, December.
- Terry Dinan & Perry Beider & David Wylie, 2019. "The National Flood Insurance Program: Is It Financially Sound?," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(1), pages 15-38, March.
- Shinichi Kamiya & Noriyoshi Yanase, 2019. "Learning from extreme catastrophes," Journal of Risk and Uncertainty, Springer, vol. 59(1), pages 85-124, August.
- Ron Cheung & Cassandra R. Cole & David A. Macpherson & Kathleen A. McCullough & Charles Nyce, 2015. "Demographic Factors and Price Distortions in Insurance," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 18(1), pages 1-28, March.
- Aloysius G. Brata & Piet Rietveld & Henri L.F. de Groot & Budy P. Resosudarmo & Wouter Zant, 2014. "Living with the Merapi Volcano: Risks and Disaster Microinsurance," Departmental Working Papers 2014-13, The Australian National University, Arndt-Corden Department of Economics.
- Aloysius Gunadi Brata & Henri L. F. de Groot & Piet Rietveld & Budy P. Resosudarmo & Wouter Zant, 2021. "Resilience toward Volcanic Eruptions: Risk Perception and Disaster Microinsurance in Yogyakarta, Indonesia," Sustainability, MDPI, vol. 13(16), pages 1-16, August.
- Michio Naoi & Miki Seko & Takuya Ishino, 2012.
"Earthquake Risk in Japan: Consumers' Risk Mitigation Responses After the Great East Japan Earthquake,"
Journal of Economic Issues, Taylor & Francis Journals, vol. 46(2), pages 519-530.
- Michio Naoi & Miki Seko & Takuya Ishino, 2012. "Earthquake Risk in Japan: Consumers' Risk Mitigation Responses after the Great East Japan Earthquake," Keio/Kyoto Joint Global COE Discussion Paper Series 2011-036, Keio/Kyoto Joint Global COE Program.
- Daniel R. Petrolia & Craig E. Landry & Keith H. Coble, 2013. "Risk Preferences, Risk Perceptions, and Flood Insurance," Land Economics, University of Wisconsin Press, vol. 89(2), pages 227-245.
- Manqing Wu & Guochun Wu, 2020. "An Analysis of Rural Households’ Earthquake-Resistant Construction Behavior: Evidence from Pingliang and Yuxi, China," IJERPH, MDPI, vol. 17(23), pages 1-14, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- 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.
- Franz Sinabell & Thomas Url, 2006. "Versicherungen als effizientes Mittel zur Risikotragung von Naturgefahren," WIFO Studies, WIFO, number 28181.
- Dionne, Georges & Harrington, Scott, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
- W. J. Wouter Botzen & Howard Kunreuther & Erwann Michel-Kerjan, 2019. "Protecting against disaster risks: Why insurance and prevention may be complements," Journal of Risk and Uncertainty, Springer, vol. 59(2), pages 151-169, October.
- Peter Zweifel, 2006. "Auftrag und Grenzen der Sozialen Krankenversicherung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(s1), pages 5-26, May.
- Marco Modica & Roberto Zoboli & Fabrizio Meroni & Vera Pessina & Thea Squarcina & Mario Locati, 2021. "‘Near miss’ housing market response to the 2012 northern Italy earthquake: The role of housing quality and risk perception," Urban Studies, Urban Studies Journal Limited, vol. 58(11), pages 2293-2309, August.
- Bundorf M. Kate & Herring Bradley & Pauly Mark V., 2010.
"Health Risk, Income, and Employment-Based Health Insurance,"
Forum for Health Economics & Policy, De Gruyter, vol. 13(2), pages 1-35, September.
- M. Kate Bundorf & Bradley Herring & Mark Pauly, 2005. "Health Risk, Income, and Employment-Based Health Insurance," NBER Working Papers 11677, National Bureau of Economic Research, Inc.
- Peter Zweifel & Friedrich Breyer, 2012.
"The Economics of Social Health Insurance,"
Chapters, in: Andrew M. Jones (ed.), The Elgar Companion to Health Economics, Second Edition, chapter 12,
Edward Elgar Publishing.
- Peter Zweifel & Friedrich Breyer, 2006. "The Economics of Social Health Insurance," Chapters, in: Andrew M. Jones (ed.), The Elgar Companion to Health Economics, chapter 12, Edward Elgar Publishing.
- Marielle Brunette & Stéphane Couture & Serge S. Garcia, 2011. "Determinants of insurance demand against forest fire risk: Evidence from experimental and real world data," Post-Print hal-01191123, HAL.
- Liran Einav & Amy Finkelstein, 2018.
"Moral Hazard in Health Insurance: What We Know and How We Know It,"
Journal of the European Economic Association, European Economic Association, vol. 16(4), pages 957-982.
- Liran Einav & Amy Finkelstein, 2017. "Moral Hazard in Health Insurance: What We Know and How We Know It," NBER Working Papers 24055, National Bureau of Economic Research, Inc.
- Erwann Michel-Kerjan, 2013. "Finance des risques catastrophiques. Le marché américain est en plein bouleversement," Revue économique, Presses de Sciences-Po, vol. 64(4), pages 615-634.
- Surminski, Swenja & Eldridge, Jillian, 2015. "Flood insurance in England: an assessment of the current and newly proposed insurance scheme in the context of rising flood risk," LSE Research Online Documents on Economics 66256, London School of Economics and Political Science, LSE Library.
- Staněk, Rostislav & Krčál, Ondřej & Čellárová, Katarína, 2022.
"Pull yourself up by your bootstraps: Identifying procedural preferences against helping others in the presence of moral hazard,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 98(C).
- Rostislav Staněk & Ondřej Krčál & Katarína Čellárová, 2021. "Pull yourself up by your bootstraps: Identifying procedural preferences against helping others in the presence of moral hazard," MUNI ECON Working Papers 2021-11, Masaryk University, revised Feb 2023.
- Mankaï, Selim & Marchand, Sébastien & Le, Ngoc Ha, 2024.
"Valuing insurance against small probability risks: A meta-analysis,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 109(C).
- Selim Mankaï & Sébastien Marchand & Ngoc Ha Le, 2024. "Valuing insurance against small probability risks: A meta-analysis," Post-Print hal-04474880, HAL.
- Paul Raschky & Hannelore Weck-Hannemann, 2007. "Charity hazard - A real hazard to natural disaster insurance," Working Papers 2007-04, Faculty of Economics and Statistics, Universität Innsbruck.
- Craig E. Landry & Dylan Turner & Daniel Petrolia, 2021. "Flood Insurance Market Penetration and Expectations of Disaster Assistance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(2), pages 357-386, June.
- Chen Yueyun & Hamwi Iskandar S., 2012. "Why Some Disaster Insurance Does not Exist," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 6(1), pages 1-16, February.
- Bruno Jullien & Bernard Salanié & François Salanié, 2000.
"Screening Risk-Averse Agents Under Moral Hazard,"
Working Papers
2000-41, Center for Research in Economics and Statistics.
- Jullien, Bruno & Salanié, François & Salanié, Bernard, 2001. "Screening Risk Averse Agents Under Moral Hazard," CEPR Discussion Papers 3076, C.E.P.R. Discussion Papers.
- Jullien, Bruno & Salanié, Bernard & Salanié, François, 2001. "Screening Risk-Averse Agents Under Moral Hazard," IDEI Working Papers 131, Institut d'Économie Industrielle (IDEI), Toulouse.
- R.A. Somerville, 2004. "Insurance, Consumption, and Saving: A Dynamic Analysis in Continuous Time," American Economic Review, American Economic Association, vol. 94(4), pages 1130-1140, September.
- Francesca Barigozzi & Renaud Bourlès & Dominique Henriet & Giuseppe Pignataro, 2017.
"Pool size and the sustainability of optimal risk-sharing agreements,"
Theory and Decision, Springer, vol. 82(2), pages 273-303, February.
- Francesca Barigozzi & Renaud Bourlès & Dominique Henriet & Giuseppe Pignataro, 2011. "Risk-sharing with self-insurance: the role of cooperation," Working Papers halshs-00605267, HAL.
- Francesca Barigozzi & Renaud Bourlès & Dominique Henriet & Giuseppe Pignataro, 2017. "Pool size and the sustainability of optimal risk-sharing agreements," Post-Print hal-01505776, HAL.
- F. Barigozzi & R. Bourles & D. Henriet & G. Pignataro, 2011. "Improving Compliance With Preventive Care: Cooperation in Mutual Health Insurance," Working Papers wp765, Dipartimento Scienze Economiche, Universita' di Bologna.
More about this item
Keywords
Earthquake insurance; Cross-subsidization; Risk; Japan;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jrefec:v:40:y:2010:i:4:p:544-561. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.