Alexander Tabarrok wrote: <Insurance against changes in home prices is for the first time now being offered on a limited basis. This is an interesting product in that the idea is in large part driven by academics like Robert Shiller.
http://www.forbes.com/2002/08/28/0829whynot.html see also the chapter on macro markets in Entrepreneurial Economics www.EntrepreneurialEconomics.org> I wonder if this will cause moral hazard, that people will not take care of their houses as well as they used to, lowering the value. Cyril Morong
