Twenty five genotypes of Kenaf (Hibiscus cannabinus L.) from different geographic origins were grown at the Central Jute Agricultural Experiment station Bangladesh Research Institute (BJRI), Jagir, Manikganj to study their variability, correlation for nine morphological characters. Significant variation was found all characters among genotypes. PCV greater than GCV and high values observed gree...

Today, nine OECD countries have national terrorism insurance programs based on some type of public-private risk sharing. While such arrangements helped provide the necessary insurance capacity in the post-September 11, 2001 era, little is known about the impact of such governmental intervention in terrorism insurance markets. This paper focuses on the United States, where the Terrorism Risk Ins...

This study extends the dynamic conditional correlation model to allow day-specific correlations of shocks across international stock markets. The properties of the resulting periodic dynamic conditional correlation (PDCC) model are examined, with the model then applied to study the intra-week interactions between six developed European stock markets and the US over the period 1993 2005. We find...

Theoretical studies on the e¤ect of life settlement market on consumer welfare show that it crucially depend on the reasons for the lapsation of life insurance policies: if lapsation is purely due to the loss of bequest motives by the policyholders, then life settlement is shown to be detrimental to consumer welfare in equilibrium; on the other hand, if lapsation results from liquidity shocks, ...

Enterprise Risk Management (ERM) is a process that manages all risks in an integrated, holistic fashion by controlling and coordinating offsetting risks across the enterprise. This research investigates whether the adoption of the ERM approach affects firms’ cost of equity capital. We restrict our analysis to the U.S. insurance industry to control for unobservable differences in business models...

In many important economic decisions under uncertainty, the expected-utility maximizing choice is ex post optimal only if certain later states are reached. We investigate whether, outside of discounting, subjects are biased towards options faring well in early-period comparisons. We conduct neutral-context laboratory experiments to systematically investigate this bias and its interaction with a...

This study examines the relationship between the life insurance and economic growth in India. The total life insurance premium (TLIP), and total life insurance investment (TLII), are used as proxy for life insurance and Gross Domestic Product (GDP) is used for the economic growth. The data has been compiled from the Handbook on Indian Insurance Statistics, IRDA annual reports and economic surve...

Asymmetric information imposes costs on a wide range of markets and may explain why some important markets, such as most agricultural insurance markets, have failed to develop. It is hard to empirically identify the different dimensions of asymmetric information but doing so is crucial for improving efficiency and solving market failures. I develop a new experimental methodology and apply it to...