The beginning of the 21st century was marked as era automobiles. slogan "An automobile is a luxury" has been replaced by new one, not luxury, but necessary means transport". After 100 years, an went from being luxury item to optimal transport. Today, it hard imagine life without A motor vehicle enables easier and faster reaching any point in city, country, continent even another continent. Tran...

It is part of the badge of being a red-blooded American businessman to oppose government regulation of business and-as the ultimate anathema-to oppose government takeover, i.e., government operation of an enterprise that might otherwise be run by private business. Although the insurance industry has long been regulated on the state level, there seems little or no fear of takeover by state gover...

This study extends previous research on service quality in the private passenger automobile insurance industry by providing empirical evidence using an improved proxy for the value of service. The endogeneity of the value of service is recognized and treated statistically with the two-stage least squares approach. The empirical model also includes a number of control variables that affect the s...

The beginning of the 21st century was marked as era automobiles. slogan "An automobile is a luxury" has been replaced by new one, not luxury, but necessary means transport". After 100 years, an went from being luxury item to optimal transport. Today, it hard imagine life without A motor vehicle enables easier and faster reaching any point in city, country, continent even another continent. Tran...

Removing accident liability through a no-fault system may only have minor effects on driver care, yet existing studies assessing whether no-fault auto insurance requirements increase accidents use fatal accidents as the primary outcome. In this paper we estimate the effect of no-fault on overall accident rates using detailed data from police accident reports in New Jersey, North Carolina, and U...

By supplementing income explicitly through payments or implicitly through taxes collected, income-based taxes and transfers make disposable income less variable. Because disposable income determines consumption, policies that smooth disposable income also create welfare improving consumption insurance. With data from the Panel Study of Income Dynamics we find that annual consumption variation i...

How do the Affordable Care Act health insurance coverage expansions affect payment for medical care provided through liability insurance, such as auto insurance? Theoretically, expanding coverage might lead to a substitution of health insurance disbursements for automobile insurance disbursements. Alternatively, expanding health insurance coverage might increase utilization of medical care, inc...