MONETARY VALUATION OF INSURANCE AGAINST FLOOD RISK UNDER CLIMATE CHANGE

• 成果类型: Article
• 署名作者: Botzen, W. J. Wouter; van den Bergh, Jeroen C. J. M.
• 署名单位: Vrije Universiteit Amsterdam; ICREA; Autonomous University of Barcelona
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2012.00709.x
• 发表日期: 2012
• 页码: 1005-1025
• 关键词: willingness-to-pay; choice experiments; public-goods; VALUES; insurability; disasters; logit

摘要

Climate change is projected to increase the risk of natural disasters, such as floods and storms, in certain regions. This is likely to raise the demand for natural disaster insurance. We present a stated preference survey using choice modeling with mixed logit estimation methods in order to examine the effects of climate change and the availability of government compensation on the demand for flood insurance by Dutch homeowners. Currently, no private insurance against flood damage is offered in the Netherlands. The results indicate that there are opportunities for the development of a flood insurance market.