a. If a pay-as-you-drive insurance program is being implemented to cope with automobile-related externalities associated with driving,
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a. If a pay-as-you-drive insurance program is being implemented to cope with automobile-related externalities associated with driving, what factors should be considered in setting the premium?
b. Would you expect a private insurance company to take all these factors into account? Why or why not?
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Related Book For
Environmental And Natural Resource Economics
ISBN: 9781032101187,9781000892185
12th Edition
Authors: Tom Tietenberg, Lynne Lewis
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