Public Insurance of Private Risks: Theory and Evidence from Agriculture

Brian D. Wright and Mark V. Pauly

Chapter 3 in Government Risk-Bearing, 1993, pp 45-70 from Springer

Abstract: Abstract Government risk-bearing in the financial sector has been increasing rapidly in recent years, apparently without any overall economic rationale. Now that the appropriate government role in handling private-sector risks is being reassessed, it is worthwhile to examine both the long history of public involvement in agricultural risk-bearing and its economic implications, which may hold some lessons for the financial sector. The economic puzzles in the two industries are refreshingly different, yet intriguingly similar.

Keywords: Loss Ratio; Large Bank; Deposit Insurance; Idiosyncratic Risk; Private Risk (search for similar items in EconPapers)
Date: 1993
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-011-2184-2_3

Ordering information: This item can be ordered from
http://www.springer.com/9789401121842

DOI: 10.1007/978-94-011-2184-2_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().