framework. More precisely, I analyze weather index insurance. My model makes separate predictions for close farmers, whose … location is near a weather station, and distant farmers. Results show that the latter ask for less than 50% insurance coverage … reduces insurance demand most for close farmers, while a lack of knowledge about the insurance negatively affects the demand …

receive incomplete insurance from informal risk-sharing networks. We study the demand for, and effects of, offering formal … index-based rainfall insurance through a randomized experiment in an environment where the informal risk sharing network can … aggregate risk shows that informal networks lower the demand for formal insurance only if the network indemnifies against …

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 …

and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both … insurance, because insurance induces cultivators to switch to riskier, higher-yield production methods. The same insurance … simulations based on our estimates suggest that selling insurance only to land-owning cultivators and precluding the landless from …

We consider environmental risks that are evaluated too much heavy for a single insurance company, but they can be …

Mutual insurance companies and stock insurance companies are different forms of organized risk sharing: policyholders … necessary for a stock insurer to offer insurance at a fair premium, but not for a mutual. In the presence of an ownermanager …

We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand … dynamic contracts. An unconditional dynamiccontract has insurance companies offeringcontracts where the terms of the contract … on individualpast performance (like in car insurances). Weinvestigate whether allowing insurance companies to offer …

) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow … optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …

Under certain conditions the optimal insurance policy will offer full coverage above a deductible, as Arrow and others … have shown long time ago. Interestingly, the same design of insurance policies applies in case of a single loss and ex …-ante moral hazard. However, many insurance policies provide coverage against a variety of losses and the possibilities for the …