TY  - UNPD
A1  - Kunreuther, Howard
A1  - Muermann, Alexander
T1  - Self-protection and insurance with interdependencies
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2007,22
N2  - We study optimal investment in self-protection of insured individuals when they face interdependencies in the form of potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing in self-protection implies that, in equilibrium, individuals underinvest in self-protection. Limiting insurance coverage through deductibles or selling “at-fault” insurance can partially internalize this externality and thereby improve individual and social welfare. JEL Classification: C72, D62, D80
T3  - CFS working paper series - 2007, 22 
KW  - externality
KW  - mitigation
KW  - insurance
KW  - Privater
KW  - Versicherungsschutz
Y1  - 2007
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/956
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-39822
IS  - May 30, 2007
ER  -