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| Author: | Niehaus, G. |
| Title: | The allocation of catastrophe risk |
| Journal: | Journal of Banking and Finance
2002 : MAR, VOL. 26:2-3, p. 585-596 |
| Index terms: | Disasters Risk sharing Insurance |
| Language: | eng |
| Abstract: | The paper summarizes the research concerning the questions 1( what extent is catastrophe risk being shared (insured) and and is the allocation of catastrophe risk consistent with notions of optimal risk sharing? (2) if not, what market imperfections hinder the efficient allocation of catastrophe risk? and (3) are there government policies or private market solutions that could lead to a more efficient allocation of catastrophe risk? |
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