that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …

countries. Similar to the findings of previous studies, our estimation also shows that the financial markets of the G7 countries …

European farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of … aversion behaviour to test the possibility to use it to assess the implications of participating in a insurance scheme. This is … done by introducing a revenue insurance scheme into a model developed on a small group of crop farms in Italy. In …

revenue insurance scheme into a model developed on asmall group of crop farms in Italy.The paper represents a preliminary … proposed approach. Despitethese limitations, it seems a useful tool to investigate the impact of insurance schemes andpolicy …

risk preferences, loan take-up, and insurance purchase decisions. This area-based yield insurance can help reduce people … shocks. In a context of collateralized formal credit markets, we provide suggestive evidencethat insurance may help reduce … anuninsured loan. We then introduced a third project choice--loan with yield insurance (Insurance Game)--which allows us to …