assess the risk mitigation capacity of weather index-based insurance for cotton farmers. We compare the ability of various … give a tractable definition of basis risk and use it to show that weather index-based insurance is associated with a large … dates. Finally we find that the gain of the weather-index based insurance is lower than that of hedging against cotton price …

assess the risk mitigation capacity of weather index-based insurance for cotton farmers. We compare the ability of various … give a tractable definition of basis risk and use it to show that weather index-based insurance is associated with a large … significantly decreases the basis risk, compared to using simulated sowing dates. Finally we found that the gain of the weather …

, results underline the limited impact of weather on the interconnection of these markets. …

The present research relaxes three of the usual assumptions made in the insurance literature. It is assumed that (1 … monopolistic. In this context, the article analyses two models of natural catastrophe insurance: a model of insurance with limited … insurance industry is characterized by economies of scale. The government should consequently encourage the emergence of a …

withdraw money from the associated account. As for many insurance contracts, the price of variable annuities consists in a fee …

This paper analyzes the efficient design of insurance schemes in the presence of aggregate shocks and moral hazard. The … identical but are subject to idiosyncratic shocks. Without moral hazard, optimality requires (1) full insurance against … conflicts with the full insurance of idiosyncratic shocks. In particular, how is the sharing of macro-economic risks across …

model to highlight how liquidity and insurance constraints respond differently to the time profile of expected cash …

This paper focusses on the insurance role of religion in buffering the well-being impact of stressful life events, and … religious unemployed are less likely to be actively looking for work). In panel data, as implied by insurance, the religious … have less variation in life satisfaction. Last, we suggest that religion's insurance role might be reflected in support for …