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This article presents the results of an experiment designed to test theoretical predictions about the impact of public compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government assistance significantly reduces willingness to pay...
Persistent link: https://www.econbiz.de/10005466665
L’objectif de ce travail est double. Premièrement, à l’aide de modélisations théoriques, nous proposons plusieurs prédictions liées au comportement d’assurance face à différents programmes d’intervention publique et à l’ambiguïté. Deuxièmement, nous testons ces prédictions...
Persistent link: https://www.econbiz.de/10011141576
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The paper focuses on forests management strategies for natural hazards of nonindustrial owners, in the case where the forest provides nontimber services. We introduce a basic two-period model where the private owner manages natural hazards on his forest thanks to the accumulation of savings on...
Persistent link: https://www.econbiz.de/10005789828
Suckler cow production in France relies mainly on a relatively extensive management of forage, implying that production risk may be enhanced by the sensitivity of those crops to weather variability. However risk exposure is supposed to be mitigated either through ex-ante decisions concerning...
Persistent link: https://www.econbiz.de/10009483603
This paper aims at characterizing water demand by Brazilian manufacturing plants located in São Paulo and at assessing the potential impacts of environmental policies on industrial water use. We first show that the price elasticity of the water demand, -1.0 on average, is high enough for a...
Persistent link: https://www.econbiz.de/10012234156
This paper examines the factors influencing water reuse in manufacturing firms and analyzes whether the structure of intake water demand differs between firms that adopt water reuse practices and those which do not. To this purpose, we estimate a two-stage econometric model based on a sample of...
Persistent link: https://www.econbiz.de/10012234189
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