After Hurricane Katrina in 2005, the government offered subsidies to people whose houses were destroyed. How does

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After Hurricane Katrina in 2005, 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 and the amount they buy?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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