Göran Skogh on Risk Sharing and Environmental Policy

Michael Faure () and Donatella Porrini
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Michael Faure: Maastricht University

The Geneva Papers on Risk and Insurance - Issues and Practice, 2017, vol. 42, issue 2, No 1, 177-192

Abstract: Abstract This article pays hommage to the important work of Göran Skogh, the founding father of the European Association of Law and Economics. It recalls Skogh’s work on instrument choice, the transaction cost of insurance and his important contributions to environmental policy. Attention is especially focused on Skogh’s contribution to the topic of risk-sharing institutions. The article sketches how Skogh identified the conditions for effective risk-sharing and indicates that risk-sharing can also provide interesting solutions for various (natural) catastrophes.

Keywords: risk sharing; catastrophe; instrument choice; environmental policy; public-private partnerships; risk differentiation (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1057/s41288-016-0001-8

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