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dc.contributor.authorSchmidt, Ulrichen_US
dc.date.accessioned2010-04-07en_US
dc.date.accessioned2010-04-29T15:12:19Z-
dc.date.available2010-04-29T15:12:19Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/30249-
dc.description.abstractMost pure public goods like lighthouses, dams, or national defense provide utility mainly by insuring against hazardous events. Our paper focuses on this insurance character of public goods. As for private actions against hazardous events, one can distinguish between self-insurance (SI) and self-protection (SP) also in the context of public goods. For both cases of SI and SP we analyze efficient public provision levels as well as provision levels resulting from Nash behavior in a private provision game. An interesting aspect of considering public goods as insurance devices is the interaction with market insurance. It turns out that the availability of market insurance reduces the provision level of the public good for both, the public and the private provision, regardless of whether we consider SI or SP. Moreover, we show that Nash behavior has always a larger impact than the availability of market insurance.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1613en_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.keywordprivate provision of public goodsen_US
dc.subject.keywordmarket insuranceen_US
dc.titleSelf-insurance and self-protection as public goodsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn623170817en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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Kieler Arbeitspapiere, IfW

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