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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 …
Persistent link: https://www.econbiz.de/10011894385
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 …
Persistent link: https://www.econbiz.de/10011943900
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 …
Persistent link: https://www.econbiz.de/10010271779
It has been said that insurance is the last of the financial services to accept radical change (Denney [1995 … weather volatility and catastrophic risks are difficult to diversify using traditional insurance practices. To provide a map … risks. There are two basic and distinct approaches: statistical and economic. The former is typical of the insurance …
Persistent link: https://www.econbiz.de/10005260252
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 …
Persistent link: https://www.econbiz.de/10004973938
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk …-sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a … wide set of research questions concerning why China and Europe relied on different social organizations for risk sharing. …
Persistent link: https://www.econbiz.de/10015063916
According to the impact, infectious diseases are a critical risk for 2020 and the following years in the Global Risk … Report. The realization of the Covid-19 virus set the pandemic as a crucial global risk for humans, the economy, and society …, with a specific view of the business of insurance and reinsurance companies, who are responding to the widening of the …
Persistent link: https://www.econbiz.de/10013266128
investors' financial conditions affect the management of their portfolios? We address this issue using the insurance industry …
Persistent link: https://www.econbiz.de/10012104637
Persistent link: https://www.econbiz.de/10010415318