It is widely recognized that “market failure” prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public …

We model natural disaster insurance in France. We explicitly take into account the main institutional features of the … system, such as the uniform premium rate in both high and low risk regions and the existence of a state reinsurance company … “specialist” equilibria, where insurers specialize in serving either high or low risk regions. As a result the reinsurance company …

) a wage subsidy to re-employed workers; (iii) unemployment insurance; (iv) moderate job protection; and (v) active labor …

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in … measurement errors and apply the model to a data set on 19 firms in housing insurance markets in Switzerland. We show that the … public insurance providers are about 20 per cent more cost efficient than their private counterparts. …

coordinated production programs, featuring pooled resources - and also via adaptive procedures. Extra value - or an insurance …

We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals’ demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

its gradual implementation, the ACE relief is estimated to reduce significantly leverage. By decreasing default risk it is …