Market or clan : a comparative study of risk sharing institutional evolution in China and Europe

Wenge Zhu

In the psychological and sociological framework of risk, we establish a static and dynamic equilibrium model for risk-sharing institutional evolution. Particularly, through a comparative study of marine insurance development in China and Europe, we address a wide set of research questions concerning why China and Europe relied on different social organizations for risk sharing.

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Year of publication:	2024
Authors:	Zhu, Wenge
Published in:	International studies of economics. - Hoboken, New Jersey : Wiley, ISSN 2831-3224, ZDB-ID 3134108-1. - Vol. 19.2024, 2, p. 293-327
Subject:	ambiguity \| culture \| institutions \| insurance \| risk \| China \| Europa \| Europe \| Risiko \| Risk \| Risikomanagement \| Risk management \| Institutioneller Wandel \| Institutional change \| Versicherung \| Insurance \| Institutionenökonomik \| Institutional economics

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1002/ise3.63 [DOI]
Classification:	G22 - Insurance; Insurance Companies ; h84 ; N20 - Financial Markets and Institutions. General, International, or Comparative
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015063916