Institutional Quality, Knightian Uncertainty, and Insurability : A Cross-Country Analysis

A Cross-Country Analysis

Institutional Quality, Knightian Uncertainty, and Insurability : A Cross-Country Analysis
Knightian uncertainty (ambiguity) implies presence of uninsurable risks. Institutional quality may be a good indicator of Knightian uncertainty. This paper correlates non-life insurance penetration in 70 countries with income level, financial sector depth, country risk, a measure of cost of insurance, and the World Bank governance indexes. We... READ MORE...

Publication date: July 2006
ISBN 9781451864397
$15.00

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