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Article Dans Une Revue Geneva Risk and Insurance Review Année : 2020

Are Compulsory Insurance and Self-Insurance Substitutes or Complements? A Matter of Risk Attitudes

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Résumé

This article analyzes the effects of compulsory insurance on the demand for self-insurance. We show that although a risk lover invests neither in insurance nor in self-insurance when insurance is voluntary, she invests in self-insurance when insurance is compulsory. On the contrary, when insurance is mandatory, a risk averter would substitute self-insurance for insurance. Economic policy implications of these antagonistic effects on self-insurance are discussed. \textcopyright 2019, International Association for the Study of Insurance Economics.
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Dates et versions

hal-03679346 , version 1 (26-05-2022)

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F. Pannequin, Anne Corcos. Are Compulsory Insurance and Self-Insurance Substitutes or Complements? A Matter of Risk Attitudes. Geneva Risk and Insurance Review, 2020, 45 (1), pp.24--35. ⟨10.1057/s10713-019-00043-x⟩. ⟨hal-03679346⟩
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