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The role of the insurance industry in piloting private sector security and prevention policy

✍ Scribed by André Lemaître

Publisher
Springer
Year
1995
Tongue
English
Weight
816 KB
Volume
3
Category
Article
ISSN
0928-1371

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## Abstract Both adverse selection and moral hazard models predict a positive relationship between risk and insurance; yet the most common finding in empirical studies of insurance is that of a negative correlation. In this paper, we investigate the relationship between __ex ante__ risk and private