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to receive more up-to-date information about insurance in agriculture. Accordingly, we have tried to shed light on the … main aspects of insurance as one tool of risk management in agriculture. Thus, our purpose is to give the reader … information on principles and potential of insurance, its main problems and possible solutions. Additionally, this paper provides …
Persistent link: https://www.econbiz.de/10010299407
security used to hedge the risk is similar to a CAT bond. This work looks at the incentives associated with insurance …
Persistent link: https://www.econbiz.de/10010427722
This discussion paper considers insurance as a possible instrument of farm income stabilization and compares several … crop insurance products with respect to their applicability in a transition economy using the case of Kazakhstan. The … analysis is based on a qualitative evaluation as well a quantitative assessment of selected insurance products. The qualitative …
Persistent link: https://www.econbiz.de/10010299333
conditions, risk attitudes and risk management techniques with respect to the requirements of a functioning crop insurance system …
Persistent link: https://www.econbiz.de/10010299344
privacy. I analyze the extent to which privacy-protecting mechanisms can be constructed under various assumptions about agents …' predilection for privacy and the permissible game forms. …
Persistent link: https://www.econbiz.de/10010352843
purchases a good to compensate consequen¬ces of unfavorable events, such as an accident or an illness. Insurance policies in … most lines of insurance base indemnity on the insured’s actual expenses, i.e., the insured would be partially or completely … reimbursed when purchasing certain goods. In this setting we discuss the interaction between insurance and repair markets by …
Persistent link: https://www.econbiz.de/10010427721
Recent events involving major insurance companies and insurance brokerage firms highlight substantial incentive … without intermediation. A controversial matter in the discussion concerning insurance intermediation is the issue of … by insurance companies. The rationale for the latter is the fact that a fee paid by uninformed consumers limits the …
Persistent link: https://www.econbiz.de/10010427742
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a "two-tier equilibrium" in which "reputable" auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10010263371
We study the optimal dynamics of incentives for a manager whose ability to generate cash .ows changes stochastically with time and is his private information. We show that, in general, the power of incentives (or "pay for performance") may either increase or decrease with tenure. However, risk...
Persistent link: https://www.econbiz.de/10011335456
We characterize a firm's profit-maximizing turnover policy in an environment where managerial productivity changes stochastically over time and is the managers' private information. Our key positive result shows that the productivity level that the firm requires for retention declines with the...
Persistent link: https://www.econbiz.de/10010282881