Abstract
This article pays hommage to the important work of Goran 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.
Original language | English |
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Pages (from-to) | 177-192 |
Number of pages | 16 |
Journal | Geneva Papers on Risk and Insurance - Issues and Practice |
Volume | 42 |
Issue number | 2 |
DOIs | |
Publication status | Published - 1 Apr 2017 |
Keywords
- risk sharing
- catastrophe
- instrument choice
- environmental policy
- public-private partnerships
- risk differentiation
- INDEX INSURANCE
- COUNTRIES
- AMBIGUITY