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Should Governments Provide Catastrophe Insurance?

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Author Info
Dwight Jaffee (University of California, Berkeley)
Thomas Russell (Santa Clara University)

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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.

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File URL: http://www.bepress.com/cgi/viewcontent.cgi?article=1122&context=ev
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Publisher Info
Article provided by Berkeley Electronic Press in its journal The Economists' Voice.

Volume (Year): 3 (2006)
Issue (Month): 5 ()
Pages: 6
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:bep:evoice:3:2006:5:6

Note: oai:bepress:ev-1122
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Web page: http://www.bepress.com

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Related research
Keywords: catastrophe insurance catastrophe insurance government

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