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 …

partial and full insurance can obtain, depending on the relative patience of agents and financial intermediaries. Insurance …

partial and full insurance can obtain, depending on the relative patience of agents and financial intermediaries. Insurance …

with banking and insurance sectors, we show that credit risk transfer can be beneficial when banks face uniform demand for …

transaction costs compared to (re)insurance products. Insurance coverage usually incurs costs of acquisition, monitoring and loss … tools in a standard insurance demand theory environment. We concentrate on the problem of basis risk versus transaction cost …

insurance product designed to compensate low-income Indian farmers in the event of insufficient rainfall during the primary … purchase the insurance, even though they overwhelmingly cite rainfall variability as their most significant source of risk. We … then conduct a series of randomized field experiments to test theories of why product adoption is so low. Insurance …