Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5098294 | Journal of Economic Dynamics and Control | 2015 | 15 Pages |
Abstract
Our analytical results and computational experiments show that (i) transparency of the insurance sector is the decisive requisite for abatement activities, implying substantial policy opportunities; (ii) a decentralized economy will under-invest in abatement without adequate policy interventions; (iii) precautionary beliefs on the frequency of extreme events lead to more sustainability; (iv) a social security system which prices insurance fairly is preferable to an insurance industry which provides insurance with an overhead.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Georg Müller-Fürstenberger, Ingmar Schumacher,