Huang R.J.Tzeng L.Y.2019-07-222019-07-22200700224367https://scholars.lib.ntu.edu.tw/handle/123456789/414444Kaplow (1992b) shows that governments should not provide a tax deduction for net losses when a private insurance contract is available. However, his findings rest on the assumption that the private insurance is proportional coverage. We find that Kaplow's conclusions may not hold when the private insurance contract contains an upper limit. The findings of our article show that Kaplow's conclusions are sensitive to the assumption that the insurance contract is available in the private market. ? The Journal of Risk and Insurance, 2007.journal article10.1111/j.1539-6975.2007.00239.x2-s2.0-36249001228https://www.scopus.com/inward/record.uri?eid=2-s2.0-36249001228&doi=10.1111%2fj.1539-6975.2007.00239.x&partnerID=40&md5=eb82240f096966d2cbec8e3c14899eb5