Willingness to Pay for Low Probability, Low Loss Hazard Insurance
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421.
- Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427.
- McClelland, Gary H & Schulze, William D & Coursey, Don L, 1993. "Insurance for Low-Probability Hazards: A Bimodal Response to Unlikely Events," Journal of Risk and Uncertainty, Springer, vol. 7(1), pages 95-116, August.
- David Dickinson & Dee Von Bailey, 2004. "Willingness-to-Pay for Information: Experiex-post, have been developed to mitigate or eliminate the overstatement of hypothetical willingness to pay. The ex-ante approach addresses hypothetical bias i," Working Papers 04-21, Department of Economics, Appalachian State University.
- Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September.
- Ganderton, Philip T. & Brookshire, David S. & McKee, Michael & Stewart, Steve & Thurston, Hale, 2000.
"Buying Insurance for Disaster-Type Risks: Experimental Evidence,"
Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 271-289, May.
- Philip Ganderton & David Brookshire & Michael McKee & Steve Stewart & Hale Thurston, 2000. "Buying Insurance for Disaster-Type Risks: Experimental Evidence," Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 271-289, May.
- John C. Whitehead, 2000. "“One Million Dollars a Mile? The Opportunity Costs of Hurricane Evacuation,”," Working Papers 0005, East Carolina University, Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zewen Hu & Xiaocai Zhang & Jingjing Cui & Lijie Zhang & Wasim Ahmed, 2021. "A survey-based analysis of the public’s willingness for disaster relief in China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 107(3), pages 2205-2225, July.
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.- John C. Whitehead & Peter A. Groothuis & Rob Southwick, 2007. "Linking Recreation Demand and Willingness to Pay with the Inclusive Value: Valuation of Saginaw Bay Coastal Marsh," Working Papers 07-09, Department of Economics, Appalachian State University.
- Peter A. Groothuis & Jana D. Groothuis & John C. Whitehead, 2006. "The Willingness to Pay to Remove Billboards and Improve Mountain Views," Working Papers 06-04, Department of Economics, Appalachian State University.
- John C. Whitehead & Peter A. Groothuis & Rob Southwick & Pat Foster-Turley, 2006. "Economic Values of Saginaw Bay Coastal Marshes," Working Papers 06-10, Department of Economics, Appalachian State University.
- Glenn W. Harrison & Jia Min Ng, 2019. "Behavioral insurance and economic theory: A literature review," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 22(2), pages 133-182, July.
- Jones, Benjamin A. & Berrens, Robert P. & Jenkins-Smith, Hank & Silva, Carol & Ripberger, Joe & Carlson, Deven & Gupta, Kuhika & Wehde, Wesley, 2018. "In search of an inclusive approach: Measuring non-market values for the effects of complex dam, hydroelectric and river system operations," Energy Economics, Elsevier, vol. 69(C), pages 225-236.
- Rashmita Basu, 2013. "Willingness-to-pay to prevent Alzheimer’s disease: a contingent valuation approach," International Journal of Health Economics and Management, Springer, vol. 13(3), pages 233-245, December.
- Howard Kunreuther & Erwann Michel-Kerjan, 2015. "Demand for fixed-price multi-year contracts: Experimental evidence from insurance decisions," Journal of Risk and Uncertainty, Springer, vol. 51(2), pages 171-194, October.
- Hoehn, John P. & Loomis, John B., 1992. "Substitution Effects in the Contingent Valuation of Multiple Environmental Programs: A Maximum Likelihood Estimator and Empirical Tests," Staff Paper Series 201147, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Johannes Diederich & Timo Goeschl, 2014. "Willingness to Pay for Voluntary Climate Action and Its Determinants: Field-Experimental Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(3), pages 405-429, March.
- Corsi, Alessandro & Frontuto, Vito & Novelli, Silvia, 2022.
"Relational goods and direct purchase from farmers: estimating the value of the relationship between consumers and producers,"
International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 25(2), March.
- Corsi, Alessandro & Novelli, Silvia, 2015. "Relational Goods and Direct Purchase from Farmers: Estimating the Value of the Relationship between Consumers and Producers," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201543, University of Turin.
- Corsi, Alessandro & Novelli, Silvia, 2015. "Relational goods and direct purchase from farmers: estimating the value of the relationship between consumers and producers," 2015 Conference, August 9-14, 2015, Milan, Italy 211550, International Association of Agricultural Economists.
- Jones, Benjamin A. & Ripberger, Joseph & Jenkins-Smith, Hank & Silva, Carol, 2017. "Estimating willingness to pay for greenhouse gas emission reductions provided by hydropower using the contingent valuation method," Energy Policy, Elsevier, vol. 111(C), pages 362-370.
- Ganderton, Philip T. & Brookshire, David S. & McKee, Michael & Stewart, Steve & Thurston, Hale, 2000.
"Buying Insurance for Disaster-Type Risks: Experimental Evidence,"
Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 271-289, May.
- Philip Ganderton & David Brookshire & Michael McKee & Steve Stewart & Hale Thurston, 2000. "Buying Insurance for Disaster-Type Risks: Experimental Evidence," Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 271-289, May.
- Maria Loureiro & Justus Lotade, 2005.
"Interviewer Effects on the Valuation of Goods with Ethical and Environmental Attributes,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 30(1), pages 49-72, January.
- Loureiro, Maria L. & Lotade-Manje, Justus, 2003. "Interviewer Effects On The Valuation Of Goods With Ethical And Environmental Attributes," 2003 Annual meeting, July 27-30, Montreal, Canada 22014, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Groothuis, Peter A. & Groothuis, Jana D. & Whitehead, John C., 2008.
"Green vs. green: Measuring the compensation required to site electrical generation windmills in a viewshed,"
Energy Policy, Elsevier, vol. 36(4), pages 1545-1550, April.
- Peter A. Groothuis & Jana D. Groothuis & John C. Whitehead, 2007. "Green vs. Green: Measuring the Compensation Required to Site Electrical Generation Windmills in a Viewshed," Working Papers 07-12, Department of Economics, Appalachian State University.
- Tadesse, Bizuayehu Gossa, 2019. "Examining Households’ Willingness to Pay for a Reliable and Sustainable Urban Water Supply using Interval Regression Analysis: The case of Addis Ababa," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 28(01), April.
- Wilson, Jeffrey J. & Lantz, Van A. & MacLean, David A., 2010. "A benefit-cost analysis of establishing protected natural areas in New Brunswick, Canada," Forest Policy and Economics, Elsevier, vol. 12(2), pages 94-103, February.
- John C. Whitehead & Timothy C. Haab & Ju‐Chin Huang, 1998.
"Part‐Whole Bias in Contingent Valuation: Will Scope Effects Be Detected with Inexpensive Survey Methods?,"
Southern Economic Journal, John Wiley & Sons, vol. 65(1), pages 160-168, July.
- John C. Whitehead & Timothy Haab & Ju-Chin Huang, "undated". "Part-Whole Bias in Contingent Valuation: Will Scope Effects Be Detected with Inexpensive Survey Methods?," Working Papers 9707, East Carolina University, Department of Economics.
- Fan Liu, 2018. "Why Buy Accident Forgiveness Policies? An Experiment," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(8), pages 1-1, August.
- Agha Akram & Sheila Olmstead, 2011. "The Value of Household Water Service Quality in Lahore, Pakistan," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(2), pages 173-198, June.
- Osberghaus, Daniel & Reif, Christiane, 2021.
"How do different compensation schemes and loss experience affect insurance decisions? Experimental evidence from two independent and heterogeneous samples,"
Ecological Economics, Elsevier, vol. 187(C).
- Osberghaus, Daniel & Reif, Christiane, 2020. "How do different compensation schemes and loss experience affect insurance decisions? Experimental evidence from two independent and heterogeneous samples," ZEW Discussion Papers 20-072, ZEW - Leibniz Centre for European Economic Research.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-IAS-2006-05-13 (Insurance Economics)
- NEP-MIC-2006-05-13 (Microeconomics)
- NEP-UPT-2006-05-13 (Utility Models and Prospect Theory)
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:apl:wpaper:06-08. 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: O. Ashton Morgan (email available below). General contact details of provider: https://edirc.repec.org/data/deappus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.