Insurance decision against forest fire : ...
Type de document :
Autre communication scientifique (congrès sans actes - poster - séminaire...): Communication dans un congrès avec actes
Titre :
Insurance decision against forest fire : An econometric analysis combining experimental and real data
Auteur(s) :
Brunette, Marielle [Auteur]
Bureau d'Économie Théorique et Appliquée [BETA]
Couture, Stéphane [Auteur]
Unité de Mathématiques et Informatique Appliquées de Toulouse [MIAT INRA]
Foncel, Jérôme [Auteur]
Lille économie management - UMR 9221 [LEM]
Garcia, Serge [Auteur]
Bureau d'Économie Théorique et Appliquée [BETA]
Bureau d'Économie Théorique et Appliquée [BETA]
Couture, Stéphane [Auteur]
Unité de Mathématiques et Informatique Appliquées de Toulouse [MIAT INRA]
Foncel, Jérôme [Auteur]
Lille économie management - UMR 9221 [LEM]
Garcia, Serge [Auteur]
Bureau d'Économie Théorique et Appliquée [BETA]
Titre de la manifestation scientifique :
EAERE2017 - 23rd Annual Conference of the European Association of Environmental and Resource Economists
Organisateur(s) de la manifestation scientifique :
European Association of Environmental and Resource Economists
Ville :
Athènes
Pays :
Grèce
Date de début de la manifestation scientifique :
2017-06-28
Date de publication :
2017
Mot(s)-clé(s) :
Protest responses
Mot(s)-clé(s) en anglais :
Insurance decision
Willingness-to-pay
Experimental data
Corner solution
Forest fire
Willingness-to-pay
Experimental data
Corner solution
Forest fire
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Mathématiques [math]
Informatique [cs]
Mathématiques [math]
Informatique [cs]
Résumé en anglais : [en]
Storm and fire are responsible for 70% of total forestry damage due to natural hazards in Europe. They are associated to high costs for forest owners. However, very heterogeneous behaviors in terms of forest insurance ...
Lire la suite >Storm and fire are responsible for 70% of total forestry damage due to natural hazards in Europe. They are associated to high costs for forest owners. However, very heterogeneous behaviors in terms of forest insurance demand arise across Europe. For example, only 6% of the French private forest area is insured against fire and/or storms. In this paper, we focus on the private forest owners’ insurance decision against fire risk. For that purpose, we collect hypothetical data on willingness-to-pay (WTP hereafter) for insurance through a field experiment in which we test different scenarios of private insurance and public assistance. We also deal with real data about forest owners’ insurance decision, characteristics of forests and owners. We simultaneously estimate real insurance coverage and willingness-to-pay for different insurance scenarios, using a selection equation for zero WTP values that we potentially explain by the phenomenon of protest responses against insurance in the expected utility framework. We find that real insurance provision is relevant to explain positive WTP, and we show that unobservable determinant of insurance coverage may explain protest responses. These results confirm the advantage of including observed choices in experiments on insurance demand.Lire moins >
Lire la suite >Storm and fire are responsible for 70% of total forestry damage due to natural hazards in Europe. They are associated to high costs for forest owners. However, very heterogeneous behaviors in terms of forest insurance demand arise across Europe. For example, only 6% of the French private forest area is insured against fire and/or storms. In this paper, we focus on the private forest owners’ insurance decision against fire risk. For that purpose, we collect hypothetical data on willingness-to-pay (WTP hereafter) for insurance through a field experiment in which we test different scenarios of private insurance and public assistance. We also deal with real data about forest owners’ insurance decision, characteristics of forests and owners. We simultaneously estimate real insurance coverage and willingness-to-pay for different insurance scenarios, using a selection equation for zero WTP values that we potentially explain by the phenomenon of protest responses against insurance in the expected utility framework. We find that real insurance provision is relevant to explain positive WTP, and we show that unobservable determinant of insurance coverage may explain protest responses. These results confirm the advantage of including observed choices in experiments on insurance demand.Lire moins >
Langue :
Anglais
Comité de lecture :
Oui
Audience :
Internationale
Vulgarisation :
Non
Collections :
Source :
Fichiers
- https://hal.inrae.fr/hal-02785187/document
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- BCFG_EAERE2017_1.pdf
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- BCFG_EAERE2017_2.docx
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