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Mitigation, Insurance, and Fiscal Traps: A Theory of Catastrophic Risk *

Arrow and Lind (1970) showed that governments can evaluate public investments as if risk-neutral when losses spread across a large, diversified tax base. This paper formalizes what happens as those conditions erode. Relaxing the theorem's assumptions traces a severity continuum: the optimal policy transitions from pure self-insurance through portfolios
openaire   +1 more source

Ruin Time of Uncertain Insurance Risk Process

IEEE Transactions on Fuzzy Systems, 2018
Kai Yao, Jian Zhou
exaly  

Informal Risk Sharing, Index Insurance, and Risk Taking in Developing Countries

American Economic Review, 2013
Ahmed Mushfiq Mobarak   +1 more
exaly  

Managing basis risk with multiscale index insurance

Agricultural Economics (United Kingdom), 2013
Marc F Bellemare   +2 more
exaly  

Index Insurance Quality and Basis Risk: Evidence from Northern Kenya

American Journal of Agricultural Economics, 2016
Nathaniel Jensen   +2 more
exaly  

Incentive Mechanisms in Mega Project-Risk Management Considering Owner and Insurance Company as Principals

Journal of Construction Engineering and Management - ASCE, 2020
Jianbo Zhu   +2 more
exaly  

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