Assurance, intervention publique et ambiguïté: une étude expérimentale auprès de propriétaires forestiers privés

Marielle Brunette (), Laure Cabantous, Stéphane Couture and Anne Stenger ()

Economie & Prévision, 2009, vol. n° 190-191, issue 4, 123-134

Abstract: This article examines the effect of public compensation programs on the insurance behavior of private forest owners. Weanalyze the impact of three types of public programs currently used in some European countries : flat-rate aid, contingentflat-rate aid, and insurance subsidy. We also analyze the impact of ambiguity concerning the probability of risk occurrenceon insurance demand. We begin by formulating theoretical predictions about the effects of public programs andambiguity on insurance demand. We then test these predictions on forest owners. The results of our experiment confirmour predictions. Flat-rate aid and insurance subsidies do indeed reduce forest owners? insurance demand. Contingentflat-rate aid generates a smaller reduction in insurance demand than non-contingent flat-rate aid. Forest owners are alsomore willing to pay for insurance in an ambiguous context than in a risky one. This finding confirms our prediction thatforest owners are ambiguity-averse.

Keywords: experimental economics; insurance; public program; forest; ambiguity; risk (search for similar items in EconPapers)
Date: 2009
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Related works:
Journal Article: Assurance, intervention publique et ambiguïté: une étude expérimentale auprès de propriétaires forestiers privés (2009)
Working Paper: Assurance, intervention publique et ambiguïté: une étude expérimentale auprès de propriétaires forestiers privés (2009)
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