This article deals with the impact of governmental assistance on insurance demand under ambiguity, i.e., in situations where probabilities are uncertain. First, using a model of insurance demand under ambiguity, we derive theoretical predictions about the impact of several governmental...

L’objectif de ce travail est double. Premièrement, à l’aide de modélisations théoriques, nous proposons plusieurs prédictions liées au comportement d’assurance face à différents programmes d’intervention publique et à l’ambiguïté. Deuxièmement, nous testons ces prédictions...

[eng] This article examines the effect of public compensation programs on the insurance behavior of private forest owners. We analyze the impact of three types of public programs currently used in some European countries : flat-rate aid, contingent flat-rate aid , and insurance subsidy. We also...

This article presents the results of an experiment designed to test theoretical predictions about the impact of public compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government assistance significantly reduces willingness to pay...

The objective of the paper is to analyze the risk management behavior of a non-industrial private forest owner under uncertainty about timber production. Two types of hedging strategies with harvesting decisions are studied: a financial practice versus a physical one. We develop a two-period...

In this article, we estimate the demand of French private forest owners for forest insurance against fire risk. For this purpose, we combine experimental data and real-world data on forest owners’ characteristics. Our econometric approach consists in estimating both insurance participation and...

Windstorms generate windfalls that may lead to price decreases. Studies have often focused on stochastic growth and price, but considered that the link between these two risks was generally nil. In our model, we assume that storms generate windfalls and that these windfalls have an impact on...

In the forest sector, natural disturbances have impact on production and prices. Traditionally, these risks have been analysed separately. In our model, the production risk translates into a price risk through a quality loss. We consider that the stock of timber follows a Markov Decision Process...