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Purpose – The purpose of this paper is to examine the efficiency of current subsidized crop insurance products (SCIPs … with more risk should be more likely to buy crop insurance in pursuit of the benefits from SCIPs. Findings – However, both … insurance are discussed toward the end of the paper. Originality/value – This paper weaves together literature on traditional …
Persistent link: https://www.econbiz.de/10010583922
to investigate the willingness of Shaanxi and Gansu farmers to purchase weather insurance. Design … specifically to extract willingness to pay for weather insurance. Factor affecting willingness to pay are explained using linear … regression. Findings – The authors find strong evidence that the demand for drought insurance is downward sloping and also …
Persistent link: https://www.econbiz.de/10010583924
In this paper, we discuss the premium principle in uncertain environment. First, the net premium principle for uncertain risks is presented within the framework of uncertainty theory. With the help of distortion function, a new uncertain premium principle is derived from the uncertain net...
Persistent link: https://www.econbiz.de/10010702906
information insurance markets. In monopolistic insurance markets, in constrast, we find that overconfidence may be observationally … (i) price heterogeneity within and across risk classes, (ii) the relationship between ex-post risk and insurance coverage …
Persistent link: https://www.econbiz.de/10010702936
market based insurance mechanisms. We find some empirical support for this conjecture in that the volatility of consumption …
Persistent link: https://www.econbiz.de/10010703273
We use payments data for the period 2006-09 to study the impact of the global financial crisis on payment patterns in CHAPS, the United Kingdom’s large-value wholesale payments system. CHAPS functioned smoothly throughout the crisis and all CHAPS settlement banks continued to meet their...
Persistent link: https://www.econbiz.de/10010704382
The European Union is completely redesigning the system of prudential supervision of insurance institutions as part of … political scope of the theory of auditability formulated by Power. Indeed the insurance institutions that co-defined the … substantial. Insurance is actually running the risk of complete finaciarisation, to the detriment of its specific mission to …
Persistent link: https://www.econbiz.de/10010705813
official audited data available at 01.06.2012 at the Insurance Supervisory Commission - the years 2001-2010. The financial … insurance companies, considering that Solvency II will come in force starting with 01.01.2013. …
Persistent link: https://www.econbiz.de/10010706229
The text is a description of the evolution of the insurance theory during the period 1968-93. …
Persistent link: https://www.econbiz.de/10010706800
Persistent link: https://www.econbiz.de/10010706910