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This paper analyses the optimal hedging decisions for risk-averse producers facing crop risk, assuming crop yield … derived. The individual crop risk is shown usually to contain a large systemic component. These new hedging instruments are …
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(risk management) or implicit (safety net and containment of both the central and state governments' contingent liability … the premise that insurance is a cost effective risk management technique. The paper also provides some new ideas and …
Persistent link: https://www.econbiz.de/10014063773
, either explicit (risk management) or implicit (safety net and containment of both the central and state governments … insurance scheme based on the premise that insurance is a cost effective risk management techniques. They also provide some new …
Persistent link: https://www.econbiz.de/10012554114
Designing and rating insurance products requires both science and judgment. In developing and emerging economies, actuarial procedures must be robust and implementable, as well as offering a sufficient degree of transparency and flexibility so as to allow expert judgment to be incorporated. This...
Persistent link: https://www.econbiz.de/10011395273
Designing and rating insurance products requires both science and judgment. In developing and emerging economies, actuarial procedures must be robust and implementable, as well as offering a sufficient degree of transparency and flexibility so as to allow expert judgment to be incorporated. This...
Persistent link: https://www.econbiz.de/10012975414