This paper presents a microsimulation model in a General Equilibrium framework applied to Madagascar. The model is primarily focused on labor markets and labor allocation at the household level, and consumption behavior is also modeled. At the aggregate level, it allows for the endogenous...

This paper presents an applied microsimulation model built on household data with explicit treatment of heterogeneity of skills, labor preferences and opportunities, and consumption preferences at the individual and/or household level, while allowing for an endogenous determination of relative...

Insurance coverage for natural disasters remains low in many exposed areas. A limited supply of insurance is commonly identified as a primary causal factor in this low insurance coverage. The French overseas departments provide a rare natural experiment of a well-developed supply of natural...

In France comprehensive house insurance includes coverage against natural disasters. Whereas the French overseas departments are more exposed to natural risks than continental France, only 52% of households in overseas departments have purchased house insurance for their main home in 2006,...

The French departments overseas are more exposed to natural risks than continental France. Nevertheless, they are less insured against natural disasters. In France, any housing insurance contract includes the coverage against natural disasters. In 2006, only 52% of households in departments...

In this paper, we want to characterize the optimal health insurance contract with adverse selection and moral hazard. We assume that policyholders differ by the permanent health status loss and choose an unobservable preventive effort in order to reduce the probability of illness which is...

This article deals with optimal insurance contracts in the framework of imprecise probabilities and adverse selection. Agents differ not only in the objective risk they face but also in the perception of risk. In monopoly, a range of configurations that VNM preferences preclude appears: a...

We consider a life-cycle model with bequest motives, and assume that the individual does not know his/hersurvival probability and has maxmin utility preferences; we show that it is optimal not to annuitize but to purchase pure life insurance policies instead.

In the Rothschild and Stiglitz model, assuming differences in risk aversions may lead to unusual equilibrium configurations like multiple equilibria, equilibrium positive profits, or random contracts. We characterize the various types of equilibria and give results on the determinants of the...