Should Governments Provide Catastrophe Insurance?

Jaffee Dwight M and Thomas Russell

The Economists' Voice, 2006, vol. 3, issue 5, 8

Abstract: Thomas Russell and Dwight Jaffee argue that private markets should be able to insure against catastrophes like Hurricane Katrina or 9/11, but if government must, then it should follow the same actuarially based pricing and reserving rules that would be followed by a competitive private market.

Date: 2006
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Citations: View citations in EconPapers (6)

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DOI: 10.2202/1553-3832.1122

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