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- W3123945790 abstract "Government relief is offered for a wide range of risks-natural disaster, economic dislocation, sickness, and injury. This article explores the effect of such relief on incentives and the allocation of risk in a model with private insurance. It is shown that government relief is inefficient, even when its level is less than the private insurance coverage that individuals would otherwise have purchased and even when private insurance coverage is incomplete due to problems of moral hazard." @default.
- W3123945790 created "2021-02-01" @default.
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- W3123945790 date "1989-06-01" @default.
- W3123945790 modified "2023-10-18" @default.
- W3123945790 title "Incentives and Government Relief for Risk" @default.
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- W3123945790 doi "https://doi.org/10.3386/w3007" @default.
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