can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

coordinated production programs, featuring pooled resources - and also via adaptive procedures. Extra value - or an insurance …

limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This …We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … alters the individuals’ demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in … measurement errors and apply the model to a data set on 19 firms in housing insurance markets in Switzerland. We show that the … public insurance providers are about 20 per cent more cost efficient than their private counterparts. …

) a wage subsidy to re-employed workers; (iii) unemployment insurance; (iv) moderate job protection; and (v) active labor …