After Superstorm Sandy in 2012, the government offered subsidies to people whose houses were destroyed. How does
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After Superstorm Sandy in 2012, the government offered subsidies to people whose houses were destroyed. How does the expectation that subsidies will be offered again for future major disasters affect the probability that risk-averse people will buy insurance as well as the amount they buy?
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Related Book For
Managerial Economics and Strategy
ISBN: 978-0134167879
2nd edition
Authors: Jeffrey M. Perloff, James A. Brander
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