000			02141cam a22003617 4500
001			w14210
003			NBER
005			20211020111727.0
006			m o d
007			cr cnu||||||||
008			210910s2008 mau fo 000 0 eng d
100	1		_aJaffee, Dwight.
245	1	0	_aLong Term Insurance (LTI) for Addressing Catastrophe Risk / _cDwight Jaffee, Howard Kunreuther, Erwann Michel-Kerjan.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2008.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w14210
500			_aAugust 2008.
520	3		_aThis paper proposes long-term insurance (LTI) as an alternative to the standard annual homeowners policy using lessons from the mortgage market as a benchmark. LTI has the potential to significantly increase social welfare by reducing insurers' administrative costs, lowering search costs and uncertainty for consumers and providing incentives for long-term investment in mitigation measures to protect property. A two-period model illustrates situations that would make a long-term contract attractive to both insurers and consumers under competitive market conditions.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aG1 - General Financial Markets _2Journal of Economic Literature class.
690		7	_aG2 - Financial Institutions and Services _2Journal of Economic Literature class.
690		7	_aG22 - Insurance • Insurance Companies • Actuarial Studies _2Journal of Economic Literature class.
700	1		_aKunreuther, Howard. _914669
700	1		_aMichel-Kerjan, Erwann.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w14210.
856	4	0	_uhttps://www.nber.org/papers/w14210
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w14210
942			_2ddc _cW-PAPER
999			_c333913 _d292475