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with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then … standard functional form restrictions ensure that individual objective functions are optimized by an effort and insurance … combination that is unique and satisfies first- and second-order conditions. Modeling insurance incompleteness in terms of costly …
Persistent link: https://www.econbiz.de/10010225898
Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … a "purchase of self-insurance" motive to remit, we also provide evidence of more remittances sent by risk averse …
Persistent link: https://www.econbiz.de/10010250039
biodiversity management has an insurance value to risk-averse users of ecosystem services. We analyze a conceptual ecological …
Persistent link: https://www.econbiz.de/10010468970
uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify …
Persistent link: https://www.econbiz.de/10010404114
Given the possibility to modify the probability of a loss, will a profit-maximizing insurer engage in loss prevention or is it in his interest to increase the loss probability? This paper investigates this question. First, we calculate the expected profit maximizing loss probability within an...
Persistent link: https://www.econbiz.de/10010395085
with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then … standard functional form restrictions ensure that individual objective functions are optimized by an effort and insurance … combination that is unique and satisfies first- and second-order conditions. Modeling insurance incompleteness in terms of costly …
Persistent link: https://www.econbiz.de/10013071425
driven by voters' spending on private insurance and increased willingness to take risks when spared from disaster. I … electoral returns, risk-aversion, and private insurance inquiries. These results are politically meaningful not least because US …
Persistent link: https://www.econbiz.de/10012844636
when risk is involved, even when full information is available. A simple normative analysis of decisions about insurance … consumers to choose insurance policies with higher deductibles. Possible computer expert systems to help consumers make …
Persistent link: https://www.econbiz.de/10013020410
insurance by strictly-risk averse agents and risk-neutral firms when they enjoy limited liability. When exposed to a bankrupting … decision to insure will depend on whether the benefits the insuree derives from insurance after having compensated the damaged …
Persistent link: https://www.econbiz.de/10012614542
with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then … standard functional formrestrictions ensure that individual objective functions are optimized by an effort and insurance … combination that is unique and satisfies first- and second-order conditions. Modeling insurance incompleteness in terms of costly …
Persistent link: https://www.econbiz.de/10010208571