In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop insurance contracts. We show that in a competitive insurance market with heterogeneous risk averse farmers, there is simultaneous demand for both insurance contracts. Moreover,...

In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop insurance contracts. We show that in a competitive insurance market with heterogeneous risk averse farmers, there is simultaneous demand for both insurance contracts. Moreover,...

In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop insurance contracts. We show that in a competitive insurance market with heterogeneous risk averse farmers, there is simultaneous demand for both insurance contracts. Moreover,...

Economic and insured losses from natural catastrophes have increased significantly in recent years and are challenging the way catastrophe risk insurance markets operate today. This chapter focuses on how insurance in combination with other policy tools can reduce losses from natural disasters...

The paper evaluates the effectiveness ofseveral index-based crop insurance schemes bycomparing results from two alternative evaluationapproaches. We apply the common ex post approachfrom the literature by specifying and evaluatinginsurance contracts by means of the data for the samehistorical...

The paper evaluates technical solutions and two main tapes of index-based insurance:area yield insurance and weather-based index insurance regarding theirefficiency in reducing climatic risks of Russian farms in the steppes zone. Theanalysis considers area yield insurance at two levels of...

The paper evaluates technical solutions and two main tapes of index-based insurance: area yield insurance and weather-based index insurance regarding their efficiency in reducing climatic risks of Russian farms in the steppes zone. The analysis considers area yield insurance at two levels of...