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Should Governments Provide Catastrophe Insurance?
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Dwight M Jaffee
Published/Copyright:
April 20, 2006
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.
Published Online: 2006-4-20
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Column
- Froth in the Silicon Valley Housing Market?
- China's New Exchange Rate Policy: Will China Follow Japan into a Liquidity Trap?
- The Death Penalty: No Evidence for Deterrence
- Reply to Donohue and Wolfers on the Death Penalty and Deterrence
- Should Governments Provide Catastrophe Insurance?
- Letter
- Letter: A Reply to Rubin on the Death Penalty
