Theoretical and empirical analysis of environment insurance in Argentina

Gabriela Pesce (), Hernán Vigier () and Regina Durán ()
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Gabriela Pesce: Consejo Nacional de Investigaciones Científicas y Técnicas, Universidad Nacional del Sur
Hernán Vigier: Universidad Nacional del Sur y Universidad Provincial del Sudoeste
Regina Durán: Universidad Nacional del Sur

Revista de Economía Política de Buenos Aires, 2012, issue 11, 81-118

Abstract: The paper presents, from a theoretical approach, the development of an economic model of environmental insurance with risk transfer and some extensions considering information asymmetries. From an empirical point of view, it examines the current regulatory framework in Argentina and described the environmental insurance market. Finally, we compare features that emerge from the theoretical model with respect to those observed empirically. The results suggest that there is similarity in some concepts such as incentives to protect natural resources or signaling the agent type, while in others there are substantial differences, such as risk transfer and determination of the insured amount.

Keywords: Environmental insurance; information asymmetries; regulation; incentives. (search for similar items in EconPapers)
JEL-codes: D03 D84 D91 (search for similar items in EconPapers)
Date: 2012
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