A Theory of Rational Demand for Index Insurance
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- Daniel J. Clarke, 2016. "A Theory of Rational Demand for Index Insurance," American Economic Journal: Microeconomics, American Economic Association, vol. 8(1), pages 283-306, February.
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More about this item
Keywords
Index insurance; Derivative; Basis risk; Hedge; Microinsurance;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGR-2011-11-01 (Agricultural Economics)
- NEP-IAS-2011-11-01 (Insurance Economics)
- NEP-UPT-2011-11-01 (Utility Models and Prospect Theory)
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