-reach with the exception of Jordan, Lebanon and Palestine, and in most Western Asian countries, insurance companies do not see a … need to turn to low-income earners. (iii) Insurance, co-operative and NGO laws of several countries constitute constraints …

) 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 …

often interpreted as insurance: by decreasing the probability of future drops in the provision of ecosystem services … "insurance" and a simple ecological-economic model, we derive the economic insurance value of ecosystem resilience and study how … insurance value of resilience is negative (positive) for low (high) levels of resilience, (ii) it increases with the level of …

probability below which the take-up of insurance drops dramatically. Expected utility (EU) fails on 1-4. Existing models of rank …. -- Decision making under risk ; Insurance ; Composite Prelec probability weighting functions ; Composite rank dependent utility … certain. (3) Buy inadequate insurance for very low probability events. (4) Keeping the expected loss fixed, there is a …

We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice … that incorporates "standard" risk aversion (concave utility over final wealth), loss aversion, and nonlinear probability …

High correlations between risks can increase required insurer capital and/orreduce the availability of insurance. For … such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of … to facilitateand/or be facilitated by insurance contracts. We consider how insuredlosses might be decomposed into …

We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates "standard …" risk aversion (diminishing marginal utility for wealth) and probability distortions. We find that probability distortions …

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 …