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Long Term Insurance (LTI) for Addressing Catastrophe Risk

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NBER2008-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14210
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This 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
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2008-08-01
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