nep-ias New Economics Papers
on Insurance Economics
Issue of 2013‒12‒20
four papers chosen by
Soumitra K Mallick
Indian Institute of Social Welfare and Business Management

  1. 2012 Crop Insurance Year In Review By Collins, Keith; Bulut, Harun
  2. Welfare-Improving Ambiguity in Insurance Markets with Asymmetric Information By : Kostas Koufopoulos; : Roman Kozhan
  3. How do Farmers Manage Risk When it Comes in so Many Forms? By Ray, David
  4. Wind Insurance and Mitigation in the Coastal Zone By Petrolia, Daniel R.; Hwang, Joonghyun; Landry, Craig E.; Coble, Keith H.

  1. By: Collins, Keith; Bulut, Harun
    Keywords: crop insurance, risk management, risk management agency, farmers, production agriculture, agriculture, Agribusiness, Agricultural and Food Policy, Agricultural Finance, Crop Production/Industries, Risk and Uncertainty,
    Date: 2013–05
  2. By: : Kostas Koufopoulos; : Roman Kozhan
    Date: 2013
  3. By: Ray, David
    Keywords: risk management, production risk, crop insurance, Agribusiness, Farm Management, Risk and Uncertainty,
    Date: 2013–05–01
  4. By: Petrolia, Daniel R.; Hwang, Joonghyun; Landry, Craig E.; Coble, Keith H.
    Abstract: This paper presents one of very few analyses of the decision to undertake wind mitigation measures, and the only study to analyze the decision to purchase wind coverage for individuals whose standard homeowner’s policy excludes wind. A simultaneous mixed-process approach is used that allows for correlated disturbances across probit (insurance) and tobit (mitigation) equations. Results indicate a positive correlation between the errors of the insurance and mitigation models; conditioning on covariates, households that hold wind insurance tend to engage in greater levels of wind mitigation. Thus, the data imply two types – households that purchase insurance and mitigate and others that do neither.
    Keywords: mitigation, risk preferences, risk perceptions, wind insurance, wind pool, Consumer/Household Economics, Environmental Economics and Policy,
    Date: 2013–11

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