February 21, 2005

Quotes

"The manner in which [auto insurance] premiums are computed and paid fails miserably to bring home to the automobile user the costs he imposes in a manner that will appropiately influence his decisions" (William Vickrey, economist and 1996 Nobel Prize laureate)

"Under a per-mile premium system, the basic unit of [risk] exposure would shift from the car-year to the car-mile" (Aaron S. Edlin, economist at the University of Berkeley, Ca.)

"The very word variabilisation is mentioned in the Van Dale (the leading dutch definiton dictionary, CDW) only in conjunction with the words car costs, car taxation and gasoline price level" (Joop Goos, director of the dutch traffic safety institute (rough translation))

Christof

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