MODELING THE DECISION TO BUY FLOOD INSURANCE: AN EMPIRICAL ANALYSIS FOR COASTAL AREAS

Craig Landry and Warren Kriesel

No 21880, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A perennial question about the NFIP is: how can participation be increased? An empirical analysis reveals that in coastal areas the voluntary participation rate is only nine percent and identifies important determinants of the insurance purchase decision. It suggests that insurance will not discourage undesirable risk management practices in coastal areas.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 21
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21880

DOI: 10.22004/ag.econ.21880

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