-agricultural sector is considered as a risk-mitigating strategy by rural Pakistani households. This issue has already been addressed but … whether ex ante engagement in the non-agricultural sector is partly motivated by a desire to mitigate risk. The main feature …

This paper aims at presenting the insurance cost-of-capital com- putation issue. It highlights two methodologies … introduced by Chief Risk Of- ficer Forum (2008) to perform the cost-of-capital rate and which more or less justify the risk … premium adopted by supervisory authorities. These strategies are based either on market return of insurance companies or on …

. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and … design such projects in order to choose the meteorological index, the indemnity schedule and the insurance premium, is …

We study an economy where intermediaries compete over contracts in a nonexclusive insurance market affected by moral …

We consider a competitive insurance market in which agents can privately enter into multicontractual insurance … relationships and undertake hidden actions. We study the existence of linear equilibria when insurance companies do not have any … types of linear equilibria could exist: A first one in which insurance companies make zero expected profits, and a second …

systems may coexist: insurance and assistance. Insurance level is set by consensus between firms and unions, whereas … assistance expenditures are set by a majority vote in parliament. Social insurance can be manipulated to influence preferences in … emergence of a mixed model: assistance increases to complement existing insurance, not to replace it. A time series cross …

casualties and by chemical pollution: each casualty corresponds to a loss of $164 million and a toxic release to a loss of $1 …

This paper analyzes the efficient design of insurance schemes in the presence of aggregate shocks and moral hazard. The … identical but are subject to idiosyncratic shocks. Without moral hazard, optimality requires (1) full insurance against … conflicts with the full insurance of idiosyncratic shocks. In particular, how is the sharing of macro-economic risks across …

model to highlight how liquidity and insurance constraints respond differently to the time profile of expected cash …-entrepreneurship by enhancing the willingness to bear risk. …