Auto-assurance, assurance et risques naturels: Une application à la gestion forestière

Marielle Brunette () and Stéphane Couture

No 2006-02, Working Papers - Cahiers du LEF from Laboratoire d'Economie Forestiere, AgroParisTech-INRA

Abstract: In this paper, we study the optimal self-insurance or insurance activities for a private forest owner against natural hazards. The specificities of natural risks, especially in forest, make indispensable to adjust the standard models of self-insurance and insurance. We develop such a model in which the number of the states of nature is finite and loss is multiplicative. We analyse the optimal choices of self-insurance and insurance that are different in this framework compared to the standard one. We show that some comparative statics results are ambiguous. We then examine the implication of a public disaster relief program on the optimal coverage decisions. We find that public intervention desincites the private forest owner to self-insure or to insure against natural hazards.

Keywords: Self-insurance; natural risks (search for similar items in EconPapers)
JEL-codes: D81 G22 Q23 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2006-03
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Published in Review of Agricultural and Environmental Studies, pages 57-78

Downloads: (external link)
http://www.nancy.inra.fr/lef/content/download/2918 ... file/doc_LEF_n02.pdf First version, 2006 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.nancy.inra.fr/lef/content/download/2918/28891/version/1/file/doc_LEF_n02.pdf [301 Moved Permanently]--> https://www.nancy.inra.fr/lef/content/download/2918/28891/version/1/file/doc_LEF_n02.pdf [301 Moved Permanently]--> https://www.inrae.fr/centres/grand-est-nancy/lef/content/download/2918/28891/version/1/file/doc_LEF_n02.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lef:wpaper:2006-02

Access Statistics for this paper

More papers in Working Papers - Cahiers du LEF from Laboratoire d'Economie Forestiere, AgroParisTech-INRA Contact information at EDIRC.
Bibliographic data for series maintained by Sylvain CAURLa ( this e-mail address is bad, please contact ).