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Theoretical and empirical analysis of environment insurance in Argentina

Author

Listed:
  • Pesce, Gabriela

    (Consejo Nacional de Investigaciones Científicas y Técnicas, Universidad Nacional del Sur)

  • Vigier, Hernán

    (Universidad Nacional del Sur y Universidad Provincial del Sudoeste)

  • Durán, Regina

    (Universidad Nacional del Sur)

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.

Suggested Citation

  • Pesce, Gabriela & Vigier, Hernán & Durán, Regina, 2012. "Theoretical and empirical analysis of environment insurance in Argentina," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 11, pages 81-118, December.
    • Handle: RePEc:ake:repba1:y:2012:i:11:p:81-118
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    More about this item

    Keywords

    Environmental insurance; information asymmetries; regulation; incentives.;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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