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 …

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 …

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 …

The vast majority of crop and revenue insurance policies sold in the United States are single-crop policies that insure … uses an insurance approach to outline a risk management tool which mimics the gross margin level of a typical corn …

insurance for modelling dependent risks. However, simulating multivariate Archimedean copulas has always been a difficult task … have recently discussed the concept of dependencies between insurance risks. They suggest that insurers should use a … technique based on copulas to describe the dependence of risks within an insurance company in the context of solvency assessment …

Terrorism poses both direct and indirect threats to the operations of the firm. It represents a market imperfection … in the presence of unhindered exchange. Terrorism reflects the risk or actual encounter of violent acts, whose goal is to … engender fear, coercion, or intimidation. We investigate terrorism and its association with marketing strategy and operations …