After Superstorm Sandy in 2012, the government offered subsidies to people whose houses were destroyed. How does

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After Superstorm Sandy in 2012, 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 as well as the amount they buy?

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Managerial Economics and Strategy

ISBN: 978-0134167879

2nd edition

Authors: Jeffrey M. Perloff, James A. Brander

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