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Göran Skogh on Risk Sharing and Environmental Policy

Author

Listed:
  • Michael Faure

    (Maastricht University
    Erasmus School of Law)

  • Donatella Porrini

    (Università del Salento)

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.

Suggested Citation

  • Michael Faure & Donatella Porrini, 2017. "Göran Skogh on Risk Sharing and Environmental Policy," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(2), pages 177-192, April.
    • Handle: RePEc:pal:gpprii:v:42:y:2017:i:2:d:10.1057_s41288-016-0001-8
    DOI: 10.1057/s41288-016-0001-8
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    References listed on IDEAS

    as
    1. Göran Skogh & Hong Wu, 2005. "The Diversification Theorem Restated: Risk-pooling Without Assignment of Probabilities," Journal of Risk and Uncertainty, Springer, vol. 31(1), pages 35-51, July.
    2. Kunreuther, Howard & Hogarth, Robin & Meszaros, Jacqueline, 1993. "Insurer Ambiguity and Maarket Failure," Journal of Risk and Uncertainty, Springer, vol. 7(1), pages 71-87, August.
    3. Paul Raschky & Hannelore Weck-Hannemann, 2007. "Charity hazard - A real hazard to natural disaster insurance," Working Papers 2007-04, Faculty of Economics and Statistics, Universität Innsbruck.
    4. Bramoullé, Yann & Kranton, Rachel, 2007. "Risk-sharing networks," Journal of Economic Behavior & Organization, Elsevier, vol. 64(3-4), pages 275-294.
    5. Hogarth, Robin M & Kunreuther, Howard, 1985. "Ambiguity and Insurance Decisions," American Economic Review, American Economic Association, vol. 75(2), pages 386-390, May.
    6. M. Figueiredo & D. Reiner & H. Herzog, 2005. "Framing the Long-Term In Situ Liability Issue for Geologic Carbon Storage in the United States," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 10(4), pages 647-657, October.
    7. Skogh, Goran, 1982. "Public insurance and accident prevention," International Review of Law and Economics, Elsevier, vol. 2(1), pages 67-80, June.
    8. Ahmed Mushfiq Mobarak & Mark R. Rosenzweig, 2013. "Informal Risk Sharing, Index Insurance, and Risk Taking in Developing Countries," American Economic Review, American Economic Association, vol. 103(3), pages 375-380, May.
    9. Benjamin Collier & Jerry Skees & Barry Barnett, 2009. "Weather Index Insurance and Climate Change: Opportunities and Challenges in Lower Income Countries," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 34(3), pages 401-424, July.
    10. Goeran Skogh, 1999. "Risk-Sharing Institutions for Unpredictable Losses," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(3), pages 505-505, September.
    11. Nathalie de Marcellis-Warin & Erwann Michel-Kerjan, 2001. "The Public-Private Sector Risk-Sharing in the French Insurance "Cat. Nat. System"""," CIRANO Working Papers 2001s-60, CIRANO.
    12. Reimund Schwarze & Gert G Wagner, 2004. "In the Aftermath of Dresden: New Directions in German Flood Insurance," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 29(2), pages 154-168, April.
    13. Donatella Porrini & Reimund Schwarze, 2014. "Insurance models and European climate change policies: an assessment," European Journal of Law and Economics, Springer, vol. 38(1), pages 7-28, August.
    14. Michael Faure, 2003. "The Economic Analysis of Environmental Policy and Law," Books, Edward Elgar Publishing, number 2962.
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