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The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10013052679
The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10013053735
The government often provides relief against large risks, such as disasters. A simple, general rationale for this role of government is considered here that applies even when private contracting to share risks is not subject to market imperfections. Specifically, the optimal private sharing of...
Persistent link: https://www.econbiz.de/10012458472
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. We find that the implementation of a premium subsidy in an immature market with low levels of participation is effective … the subsidy seems to make farmers more responsive toward the premium subsidy …
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and risk of loss due to natural disasters, providing insurance to those in hazardous areas confers non-pecuniary benefits … to households residing in risk-free areas within the same community. Insurance affects the long-run development of a … there were no insurance. Similar results obtain with regard to subsidized insurance for households at risk …
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