The dynamics of microinsurance demand in developing countries under liquidity constraints and insurer default risk

We study the dynamics of microinsurance demand by risk‐averse agents who can borrow and lend subject to a liquidity constraint, and also perceive a risk of insurer default. Liquidity constraints and perceived insurer default both reduce the demand for insurance, possibly leading to nonparticipation....

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Bibliographic Details
Main Authors: Liu, Yanyan, Myers, Robert J.
Format: Journal Article
Language:Inglés
Published: Wiley 2016
Subjects:
Online Access:https://hdl.handle.net/10568/148401

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