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dc.contributor.authorLohse, Timen
dc.contributor.authorRobledo, Julioen
dc.contributor.authorSchmidt, Ulrichen
dc.date.accessioned2010-04-07-
dc.date.accessioned2010-04-29T15:12:19Z-
dc.date.available2010-04-29T15:12:19Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1613en
dc.subject.jelG22en
dc.subject.jelH41en
dc.subject.ddc330en
dc.subject.keywordSelf-insuranceen
dc.subject.keywordself-protectionen
dc.subject.keywordprivate provision of public goodsen
dc.subject.keywordmarket insuranceen
dc.titleSelf-Insurance and Self-Protection as Public Goods-
dc.typeWorking Paperen
dc.identifier.ppn623170817en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1613en

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