https://scholars.lib.ntu.edu.tw/handle/123456789/414424
標題: | Regret and regulation | 作者: | Huang R.J. Muermann A. Tzeng L.Y. |
關鍵字: | insurance demand;regret;regulation;tax deduction | 公開日期: | 2014 | 卷: | 39 | 期: | 1 | 起(迄)頁: | 65-89 | 來源出版物: | GENEVA Risk and Insurance Review | 摘要: | We analyse the welfare effect of governmental regulation for individuals who consider anticipated regret in their decision-making process. Although governmental policies by directing choice, distort individual decisions in the private market, they can alleviate individuals' pain associated with the feeling of regret. We analyse this trade-off and provide conditions under which the implied reduction of regret justifies regulation. Furthermore, we demonstrate our findings on tax deduction for non-insured losses, a well-studied social policy in insurance. Last, we consider heterogenous individuals and alternative social welfare functions and show that our results hold in these extended settings. ? 2014 The International Association for the Study of Insurance Economics. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/414424 | ISSN: | 1554964X | DOI: | 10.1057/grir.2013.4 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84903164090&doi=10.1057%2fgrir.2013.4&partnerID=40&md5=e1f8a4b0a875237d2044f66bc5a21592 |
顯示於: | 財務金融學系 |
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Huang2014_Article_RegretAndRegulation.pdf | 421.99 kB | Adobe PDF | 檢視/開啟 |
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