of insurance. Third, we help answer the puzzle why the most risk averse are least likely to take up agricultural …We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that … farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members …

often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services …, resilience insures risk-averse ecosystem users against potential welfare losses. Using a general and stringent definition of … insurance and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how …

This paper tests some existing theories developed over the past 25 years on corporate demand for insurance. Using a … standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … have some catastrophe coverage. Corporate demand for catastrophe insurance is found to be more price inelastic than …

and car insurance using data from the UK. The main empirical results are: ? higher labor income risk induces a higher … demand for car insurance. ? the effects of increases in labor income risk after 1979 seem to be more than offset by a more …Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the …

and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility …

tools in a standard insurance demand theory environment. We concentrate on the problem of basis risk versus transaction cost …The use of catastrophe bonds (cat bonds) implies the problem of the so called basis risk, resulting from the fact that … the problems of moral hazard and default risk, an important advantage of cat bonds can be seen in the presumably lower …

purchase the insurance, even though they overwhelmingly cite rainfall variability as their most significant source of risk. We … insurance product designed to compensate low-income Indian farmers in the event of insufficient rainfall during the primary … monsoon season. We first document relatively low adoption of this new risk management product: Only 5-10 percent of households …

, banks' disclosures about relevant risk exposures were relatively sparse. Such disclosures came later after major concerns …This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues … about banks' exposures had arisen in markets. Similarly, the recognition of loan losses was relatively slow and delayed …

Rain-index insurance is strongly advocated in many parts of the developing world to help farmers to cope with climatic … risk that prevail in (semi-)arid rangelands due to low and highly uncertain rainfall. We present a modeling analysis of how … the availability of rain-index insurance affects the sustainability of rangeland management. We show that a rain …