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recent innovations on disaster risk financing and insurance developed by the private markets as well as the international … applications in sovereign disaster risk financing for developing countries. Section three examines how innovations coming out of … mature property catastrophe risk insurance (PCRI) markets could serve in low and middle-income countries. Section four …
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private R&D investment. In this paper, we present a theoretical model that treats government subsidies as a risk … the subsidies are allocated based on the risk-reward condition of the project. In addition, we show that the risk …
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1. Empowering emergency responders / Roger Miles -- 2. Terrorism and the risk society / David Waddington and Kerry … McSeveny -- 3. The emergent nature of risk as a product of 'heterogeneous engineering' : a relational analysis of oil and gas … industry safety culture / Anthony J. Masys -- 4. The inhuman : risk and the social impact of information and communication …
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In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
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