public sector, it may be economically rational for those at risk not to invest in protective measures. Risk management …. These may include multi-year insurance contracts, well-enforced regulations, third-party inspections, and alternative risk …

risk is the dominant force, the size distribution of disasters follows a power law, and the economy has a representative … difference between the power-law tail parameter and the coefficient of relative risk aversion, γ. The options-pricing formula …

the optimum subsidy scheme that can insure a given take-up for a new weather insurance for rice producers. We build a …. Results show that the optimum current subsidy necessary to achieve a desired take-up rate depends on both past subsidy levels … and past payout rates, implying that subsidy levels should vary locally year-to-year …

insuring against natural disasters with catastrophe (CAT) bonds. We calibrate the model by reference to the risk of earthquakes …