Showing 1 - 10 of 482
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
) quality, ii) efficiency, and iii) ownership.i) Quality of health care is the most important good of the health production … of competition on quality of care.ii) The health economy also merits attention because of its sheer size e.g. with … industrialised countries, approximately one third of health care expenditure is generated by inpatient care. For this reason …
Persistent link: https://www.econbiz.de/10009451161
that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …
Persistent link: https://www.econbiz.de/10009439051
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
biogeophysical limits of the Earth system by drawing on aspects of insurance systems including forms of social insurance and the … insurance industry. Our proposal achieves this by: (i) creating a financial liability link between current emissions and … approaches to pricing CO2e emissions, has aspects that are consistent with existing forms of insurance. It requires participation …
Persistent link: https://www.econbiz.de/10009441812
The Milan conference of the UN Framework Convention on Climate Change has established two types of emission offsets under the Clean Development Mechanism (CDM), valid for afforestation and reforestation activities. In order to account for the non-permanent nature of carbon storage in forests,...
Persistent link: https://www.econbiz.de/10009442332
Recent academic discussion regarding crop insurance in developing and transition countries has focused on weather index … insurance. But empirical analyses of such schemes based on farm level data cannot be found in the literature, though this … insurance type shows clear advantages compared to multiple-peril crop insurance and revenue insurance. Recent empirical …
Persistent link: https://www.econbiz.de/10009442556
A wide variety of insurance products is available to agricultural producers to insure against yield or price risks in … over the last decade. This paper outlines the development of an insurance product aimed at corn producers who are members …
Persistent link: https://www.econbiz.de/10009443093
This paper develops an analytical model able to represent the decisions of an individual risk averse farmer facing variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration of the model is used to run Monte-Carlo...
Persistent link: https://www.econbiz.de/10009443879
This study analyzed the effects that the use of crop insurance products and marketing alternatives had on the gross … revenue per acre for an individual farm in Cass County. Crop insurance products and marketing strategies were analyzed … synergies. A whole farm scenario analysis was run that included integrated strategies that implemented the same insurance …
Persistent link: https://www.econbiz.de/10009444001