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Optimal insurance against climatic experience

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  • Olivier Mahul

    (ESR - Unité de recherche d'Économie et Sociologie Rurales - INRA - Institut National de la Recherche Agronomique)

Abstract

Un contrat d'assurance optimal contre un aléa climatique est défini en présence d'un risque de production agrégé non assurable. La forme du contrat est conditionnée par la dépendance stochastique entre les deux sources de risque et par l'attitude du producteur vis-à-vis du risque. Son comportement de prudence s'avère être déterminant. Les décisions de couverture à partir de contrats financiers sur indices climatiques sont analysées. Le producteur prudent disposant d'un contrat d'assurance climatique vendu à un prix actuariel est incité à accroître son exposition au risque.

Suggested Citation

  • Olivier Mahul, 1999. "Optimal insurance against climatic experience," Working Papers hal-01952115, HAL.
    • Handle: RePEc:hal:wpaper:hal-01952115
    Note: View the original document on HAL open archive server: https://hal.science/hal-01952115
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    References listed on IDEAS

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