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Showing 1 to 2 of 2 for “"Spatially Correlated Risk"”.
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Optimal Wildlife Reserve Site Selection with Spatially Correlated Risk
… most economic studies assume the independence of risks that affect wildlife species, leaving the issue of spatially correlated risk largely unexplored. This study contributes to the literature in twoaspects. First, this study incorporates spatially correlated risk, into a reserve site selection …
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Essays on the Economics of Private and Social Insurance
… studies the 'scope' of insurance. Distinct risks are typically insured separately. A single 'aggregate' contract that pays more when many shocks occur simultaneously, but less when positive shocks offset negative shocks, is utility-increasing absent moral hazard. However, an aggregate …