, EU institutions have encouraged the expansion of agricultural insurance. With different degrees of public support …, insurance systems against several risks have been successfully developed across the EU and have adopted increasingly … comprehensive forms. Eventually, EU institutions have started to assess the development of a comprehensive income insurance …

contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk … significant insurance beyond that implied by self-insurance. …

) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow … optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …. -- Insurance ; Indemnity ; Deductible ; Co-Insurance …