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to receive more up-to-date information about insurance in agriculture. Accordingly, we have tried to shed light on the … main aspects of insurance as one tool of risk management in agriculture. Thus, our purpose is to give the reader … information on principles and potential of insurance, its main problems and possible solutions. Additionally, this paper provides …
Persistent link: https://www.econbiz.de/10010299407
This paper provides a selective review of the theoretical literature on delegated portfolio management as a principal-agent relationship. The main focus of the paper is to review the analytical issues raised by the peculiar nature of the delegated portfolio management relationship within the...
Persistent link: https://www.econbiz.de/10011604566
This discussion paper considers insurance as a possible instrument of farm income stabilization and compares several … crop insurance products with respect to their applicability in a transition economy using the case of Kazakhstan. The … analysis is based on a qualitative evaluation as well a quantitative assessment of selected insurance products. The qualitative …
Persistent link: https://www.econbiz.de/10010299333
conditions, risk attitudes and risk management techniques with respect to the requirements of a functioning crop insurance system …
Persistent link: https://www.econbiz.de/10010299344
In a simple portfolio choice model of two assets a foreign exchange transactions tax is implemented. We show that the graph in the mu-sigma[square] range is still a parabola and delineate its characteristics for altering tax rates. We presumed a risk avers investor seeking to minimize investment...
Persistent link: https://www.econbiz.de/10010263418
Secondary markets for long-term assets might be illiquid due to adverse selection. In a model in which moral hazard is confined to project initiation, I find that: (1) when agents expect a liquidity dry-up on such markets, they optimally choose to self-insure through the hoarding of...
Persistent link: https://www.econbiz.de/10011506705
equity premium and longevity insurance in her retirement portfolio. Even without bequests, she will not fully annuitize …
Persistent link: https://www.econbiz.de/10010298370
correlation in their assets (health, wealth, wisdom, i.e. skills), causing them to demand a great deal of insurance coverage …. Insurers on the other hand eschew positively correlated risks. It can be shown that insurance contributes to a reduction of … insurance. Analyzing deviations from trend in aggregate insurance payments, one finds the following for the United States and …
Persistent link: https://www.econbiz.de/10010315580
is specified on the basis of a benchmark portfolio. These contracts are closely related to unit--linked life--insurance …, is the risk management of the embedded options by a tractable and realistic hedging strategy. The long maturity of life--insurance … granted to the insurance customer and suggests a new role for a type of ``bonus account'' customary in many life--insurance …
Persistent link: https://www.econbiz.de/10010263089
This paper studies the interdependence between property insurance and portfolio selection. The insurance premium of … and an increase in any insurance parameter would make the investor more "conservative." The effect of a stock market … insurance at the expense of current consumption. …
Persistent link: https://www.econbiz.de/10010264331