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Mitigation, Insurance, and Fiscal Traps: A Theory of Catastrophic Risk *
Arrow and Lind (1970) showed that governments can evaluate public investments as if risk-neutral when losses spread across a large, diversified tax base. This paper formalizes what happens as those conditions erode. Relaxing the theorem's assumptions traces a severity continuum: the optimal policy transitions from pure self-insurance through portfoliosopenaire +1 more source
Ruin Time of Uncertain Insurance Risk Process
IEEE Transactions on Fuzzy Systems, 2018Kai Yao, Jian Zhou
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Mathematical Contributions to Risk and Insurance Theory
The Journal of Insurance, 1962openaire +1 more source
Informal Risk Sharing, Index Insurance, and Risk Taking in Developing Countries
American Economic Review, 2013Ahmed Mushfiq Mobarak +1 more
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Managing basis risk with multiscale index insurance
Agricultural Economics (United Kingdom), 2013Marc F Bellemare +2 more
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Index Insurance Quality and Basis Risk: Evidence from Northern Kenya
American Journal of Agricultural Economics, 2016Nathaniel Jensen +2 more
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