English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

Commercial drunk-driving liability insurance may incentivize the insured’s drunk driving or attract drinkers’ purchase. This paper investigates whether drunk-driving liability insurance elicits the insured’s opportunistic motive. Empirical results show that the insured who purchase drunk-driving liability insurance have a higher possibility of incurring a drunk-driving accident, suggesting that drunk-driving liability insurance may induce adverse selection or moral hazard. On the other hand, after an amendment to the Criminal Code of Taiwan in June 2013, stricter standards for offenses against public safety and aggravated criminal liability have not altered policyholders’ demand for drunk-driving liability insurance but reduced the probability of drunk-driving accidents. The imposition of mandatory stipulations on drunk driving is therefore not associated with the alleviation of adverse selection but can reduce the moral hazard induced by drunk-driving liability insurance.

Does Drunk-Driving Liability Insurance Induce Asymmetric Information in the Insurance Market?