Author(s): Khiem. Dao Van; C; Hung. Nguyen Manh; Khiem. Tran Van
Linked Author(s):
Keywords: Self-protection; Self-insurance
Abstract: This paper investigates the existence and the efficiency of a flood risk sharing network in rural Vietnam. We develop a model where the probability of loss is a subjective risk perception function based on risk information and self-protective costs. We study the interaction of informal insurance with limited commitment through risk communication influencing on household’s decisions and behaviors where risk information be treated as the public good in a risk sharing network.
Year: 2014