Estimation of insurance deductible demand under endogenous premium rates
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| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20200015932 | ||
| 003 | MAP | ||
| 005 | 20200508135835.0 | ||
| 008 | 200508e20200601usa|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a6 | ||
| 100 | 1 | $0MAPA20140011971$aWoodard, Joshua D. | |
| 245 | 1 | 0 | $aEstimation of insurance deductible demand under endogenous premium rates$cJoshua D. Woodard, Jing Yi |
| 520 | $aGovernment-subsidized insurance is ubiquitous, yet estimation of demand in such markets remains challenging. The premium charged for a given deductible is determined by actuarial construction; thus, observed choice pairs are endogenous leading to biased estimation under standard econometric approaches. A theoretical model and simulation study are developed, and a new identification strategy proposed. An empirical application using Federal Crop Insurance Program-a $100 billion/year program-data reveals that demand is quite elastic after accounting for this endogeneity. Mistreatment of such endogeneity is likely partly responsible for pervasive faulty findings of inelastic insurance demand in related applications. Policy implications are also discussed. | ||
| 650 | 4 | $0MAPA20080584580$aDemanda de seguros | |
| 650 | 4 | $0MAPA20080586294$aMercado de seguros | |
| 650 | 4 | $0MAPA20080579258$aCálculo actuarial | |
| 650 | 4 | $0MAPA20080602642$aModelos de simulación | |
| 650 | 4 | $0MAPA20080602659$aModelos econométricos | |
| 700 | 1 | $0MAPA20200010968$aYi, Jing | |
| 773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g01/06/2020 Volumen 87 Número 2 - junio 2020 , p. 477-500 |