教師資料查詢 | 類別: 期刊論文 | 教師: 汪琪玲 Kili C. Wang (瀏覽個人網頁)

標題:Empirical Evidence for Advantageous Selection in the Commercial Fire Insurance Market
學年97
學期2
出版(發表)日期2009/06/01
作品名稱Empirical Evidence for Advantageous Selection in the Commercial Fire Insurance Market
作品名稱(其他語言)對商業火災保險市場上有利選擇的實證研究
著者Kili C. Wang; Rachel J. Huang; Larry Y. Tzeng
單位淡江大學保險學系
出版者Palgrave Macmillan
著錄名稱、卷期、頁數The Geneva Risk and Insurance Review 34(1), p.1-19
摘要De Meza and Webb (2001) indicated that individuals with a higher degree of risk aversion would demand more insurance and invest in self-protection to reduce risk probability when both the preference type and investment in self-protection are hidden from insurers. They referred to the negative correlation between market insurance and risk type as advantageous selection. However, the relationship between risk type and the degree of risk aversion is debatable in both theoretical and empirical research. This paper therefore proposes that advantageous selection could be supported from another angle by directly examining the relationships that exist among market insurance, self-protection, and risk probability. By focusing on the commercial fire insurance market, information on the purchase of market insurance, investment in self-protection, and fire accident records is hand-collected by means of a unique survey. It is found that firms purchasing market insurance have a greater tendency to channel efforts into self-protection. It is also found that firms expending effort on self-protection are less likely to suffer a fire accident. Furthermore, it is found that firms with commercial fire insurance have less chance of suffering a fire accident than those without such insurance. Each of the above three findings jointly supports the view that advantageous selection could play a critical role in the commercial fire insurance market.
關鍵字asymmetric information;advantageous selection;adverse selection;risk aversion
語言英文
ISSN1554-964X
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式,紙本
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