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dc.contributor.authorSchmidt, Ulrichen_US
dc.contributor.authorRobledo, Julio R.en_US
dc.contributor.authorLohse, Timen_US
dc.date.accessioned2009-01-29T14:13:37Z-
dc.date.available2009-01-29T14:13:37Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/22032-
dc.description.abstractMany public goods like lighthouses and fire departments do not provide direct utility but act as insurance devices against shipwreck and destruction. They either diminish the size and/or the probability of the loss. We extend the public good model with this insurance aspect and generalize Samuelson?s efficient allocation rule when self-insurance and self-protection expenditures are pure public goods. Some comparative static results with respect to changes in income and risk behavior are derived. We analyze the interaction of private market insurance with the public good level, both for efficient provision and for private provision equilibria. The privately provided levels of self- insurance and self-protection decrease when market insurance is available, which suggests that the state should invest more in preventing not insurable risks like wars. Additionally, the state should focus on self-protection expenditures if those are better observable than private self-protection effort.en_US
dc.language.isoengen_US
dc.publisherChristian-Albrechts-Universität Kiel, Department of Economics Kielen_US
dc.relation.ispartofseriesEconomics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2007,16en_US
dc.subject.jelG22en_US
dc.subject.jelH41en_US
dc.subject.ddc330en_US
dc.subject.keywordSelf-insuranceen_US
dc.subject.keywordself-protectionen_US
dc.subject.keywordefficient provision of public goodsen_US
dc.subject.keywordprivate provision of public goodsen_US
dc.subject.keywordmarket insuranceen_US
dc.subject.stwÖffentliches Guten_US
dc.subject.stwAllokationseffizienzen_US
dc.subject.stwVersicherungsökonomiken_US
dc.subject.stwBrandschutzen_US
dc.subject.stwSchiffssicherheiten_US
dc.subject.stwTheorieen_US
dc.titleSelf-Insurance and Self-Protection as Public Goodsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn535033850en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cauewp:5682-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Economics Working Papers, Department of Economics, CAU Kiel

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